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IT

VMware to form cloud services jv with EMC after in-line Q3

Wednesday 21 October 2015 | 10:41 CET | News
VMware, a provider of cloud infrastructure and business mobility, reported third quarter results in line with expectations, with revenues at USD 1.67 billion, up 14 percent in constant currency and License revenues rising 11 percent in constant currency to USD 681 million. The company also announced it plans to form a new cloud services business with EMC as a 50:50 joint venture. The new Federation business will bring together vCloud Air, Virtustream, object storage and managed cloud services into one company under the Virtustream brand. The transaction is expected to close early next year,

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Categories: Fixed / IT
Companies: Dell EMC / EMC / EMC / Virtustream / VMware
Countries: United States / World
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