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VMware Reports Fiscal Year 2022 Third Quarter Results

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A New Chapter for VMware: Spin-Off from Dell Technologies Completed

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VMware to Hold a Financial Analyst Meeting in Conjunction with VMworld 2021

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VMware Releases Public Security Advisory VMSA-2021-0020

Special Report: Smart City to Smart Nation

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VMware Recognized as a Leader in the IDC MarketScape Vendor Assessment for Virtual Client Computing

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City Network - VMware News and Stories

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Deutsche Telekom CEO Says 5G Is the Future

VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today announced that Raghu Raghuram, VMware’s chief executive officer, will present as a keynote speaker a<a>t the </a>Raymond James Technology Investors Conference on Monday, December 6, 2021 at 8:30 a.m. PT/ 11:30 a.m. ET.

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A live webcast will be available on VMware’s Investor Relations page at http://ir.vmware.com.  The replay of the webcast will be available for two months.  

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VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. As a trusted foundation to accelerate innovation, VMware software gives businesses the flexibility and choice they need to build the future. Headquartered in Palo Alto, California, VMware is committed to building a better future through the company’s 2030 Agenda. For more information, please visit www.vmware.com/company.

VMware's website is located at www.vmware.com, and its investor relations website is located at http://ir.vmware.com. VMware's goal is to maintain the investor relations website as a portal through which investors can easily find or navigate to pertinent information about VMware, all of which is made available free of charge. The additional information includes materials that VMware files with the SEC; announcements of investor conferences and events at which its executives talk about VMware's products, services and competitive strategies; webcasts of our quarterly earnings calls, investor conferences and events (archives of which are also available for a limited time); additional information on VMware's financial metrics, including reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures; press releases on quarterly earnings, product and service announcements, legal developments and international news; corporate governance information; ESG (environmental, social and governance) information; and other news, blogs and announcements that VMware may post from time to time that investors may find useful or interesting

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VMware to Present at the Raymond James Technology Investors Conference

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mthacker@vmware.com

PALO ALTO, Calif. - November 26, 2021 –VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today announced that Sumit Dhawan,VMware’s president, will present a<a>t the </a>UBS Global TMT Virtual Conference on Monday, December 6, 2021 at 7:00 a.m. PT/ 10:00 a.m. ET.

VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. As a trusted foundation to accelerate innovation, VMware software gives businesses the flexibility and choice they need to build the future. Headquartered in Palo Alto, California, VMware is committed to building a better future through the company’s 2030 Agenda. For more information, please visit <a href="http://www.vmware.com/company">www.vmware.com/company</a>.

VMware's website is located at www.vmware.com, and its investor relations website is located at http://ir.vmware.com. VMware's goal is to maintain the investor relations website as a portal through which investors can easily find or navigate to pertinent information about VMware, all of which is made available free of charge. The additional information includes materials that VMware files with the SEC; announcements of investor conferences and events at which its executives talk about VMware's products, services and competitive strategies; webcasts of our quarterly earnings calls, investor conferences and events (archives of which are also available for a limited time); additional information on VMware's financial metrics, including reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures; press releases on quarterly earnings, product and service announcements, legal developments and international news; corporate governance information; ESG (environmental, social and governance) information; and other news, blogs and announcements that VMware may post from time to time that investors may find useful or interesting..

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VMware to Present at the UBS Global TMT Virtual Conference

November 26, 2021 –VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today announced that Raghu Raghuram,VMware’s chief executive officer, will present a<a>t the </a>Barclays Global TMT Conference on Tuesday, December 7, 2021 at 8:30 a.m. PT/ 11:30 a.m. ET.

VMware to Present at the Barclays Global TMT Conference - VMware News and Stories

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VMware to Present at the Barclays Global TMT Conference

VMware, Inc., a leading innovator in enterprise software, today announced financial results for the third quarter of fiscal year 2022.

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Palo Alto, Calif. – November 22, 2021 – VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today announced that Sumit Dhawan, VMware’s president, will present at the Wells Fargo Virtual TMT Summit on Wednesday, December 1, 2021 at 1:00 p.m. PT / 4:00 p.m. ET.

A live webcast will be available on VMware’s Investor Relations page at http://ir.vmware.com.  The replay of the webcast will be available for two months.   

VMware's website is located at www.vmware.com, and its investor relations website is located at http://ir.vmware.com. VMware's goal is to maintain the investor relations website as a portal through which investors can easily find or navigate to pertinent information about VMware, all of which is made available free of charge. The additional information includes materials that VMware files with the SEC; announcements of investor conferences and events at which its executives talk about VMware's products, services and competitive strategies; webcasts of our quarterly earnings calls, investor conferences and events (archives of which are also available for a limited time); additional information on VMware's financial metrics, including reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures; press releases on quarterly earnings, product and service announcements, legal developments and international news; corporate governance information; and other news, blogs and announcements that VMware may post from time to time that investors may find useful or interesting.

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VMware to Present at the Wells Fargo Virtual TMT Summit - VMware News and Stories

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VMware to Present at the Wells Fargo Virtual TMT Summit

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Brendan McManus

PALO ALTO, Calif. — November 18, 2021 — VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today announced that Raghu Raghuram, VMware’s chief executive officer will present at the Credit Suisse Technology Conference on Wednesday, December 1, 2021 at 11:25 a.m. PT / 2:25 p.m. ET.

VMware to Present at the Credit Suisse Technology Conference - VMware News and Stories

VMware to Present at the Credit Suisse Technology Conference

PALO ALTO, Calif. - (November 11, 2021) - VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, plans to announce fiscal year 2022 third quarter financial results after market close on Tuesday, November 23, 2021. The company will host a conference call at 1:30 p.m. PT/ 4:30 p.m. ET that day to review financial results and business outlook. A live web broadcast of the event will be available on the VMware Investor Relations website at <a href="http://ir.vmware.com/">http://ir.vmware.com</a>. The replay of the webcast will be available for two months.

VMware's website is located at www.vmware.com, and its investor relations website is located at http://ir.vmware.com. VMware's goal is to maintain the investor relations website as a portal through which investors can easily find or navigate to pertinent information about VMware, all of which is made available free of charge. The additional information includes materials that VMware files with the SEC; announcements of investor conferences and events at which its executives talk about VMware's products, services and competitive strategies; webcasts of our quarterly earnings calls, investor conferences and events (archives of which are also available for a limited time); additional information on VMware's financial metrics, including reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures; press releases on quarterly earnings, product and service announcements, legal developments and international news; corporate governance information; and other news, blogs and announcements that VMware may post from time to time that investors may find useful or interesting.

VMware to Announce Fiscal Year 2022 Third Quarter Financial Results on Tuesday, November 23, 2021 - VMware News and Stories

VMware to Announce Fiscal Year 2022 Third Quarter Financial Results on Tuesday, November 23, 2021

VMware Gains Operational and Financial Flexibility while Maintaining Strategic Partnership with Dell Technologies

Company Poised to Lead in Multi-Cloud Services for All Apps, Enabling Digital Innovation with Enterprise Control

PALO ALTO, Calif. – Nov. 1, 2021 – VMware (NYSE: VMW) and Dell Technologies today announced the completion of the spin-off of VMware from Dell Technologies. The spin-off from Dell Technologies provides VMware increased freedom to execute its multi-cloud strategy, a simplified capital structure and governance model, and additional operational and financial flexibility.

The terms of the spin-off included an $11.5 billion special cash dividend (the “Special Dividend”) that resulted in a $27.40 per share dividend payment on November 1, 2021 (the “Payment Date”) to all VMware stockholders as of close of business on October 29, 2021 (the “Record Date”). The ex-dividend date will be November 2, 2021, the first trading day following the Payment Date.

“VMware’s mission is to deliver the trusted software foundation that accelerates our customers’ innovation,” said Raghu Raghuram, chief executive officer, VMware. “As a standalone company, we will continue to bring our multi-cloud strategy to life by providing our customers the power to accelerate their business and control their destiny in this new era.”

VMware and Dell will continue to partner to provide differentiated solutions for their customers. The previously announced commercial agreement between VMware and Dell preserves and enhances the go-to-market synergies jointly developed over the last several years with continued support and service for their mutual customers. 

Forward-Looking Statements

This press release contains forward-looking statements including, among other things, statements about and relating to the ex-dividend date; expected benefits of the spin-off for VMware and its customers; benefits to customers of VMware’s multi-cloud strategy; the VMware and Dell Technologies’ partnership; and the commercial agreement between VMware and Dell Technologies. These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (1) the impact of the COVID-19 pandemic on VMware’s operations, financial condition, VMware’s customers, the business environment and the global and regional economies; (2) the ability of VMware to adapt its offerings, business operations and go-to-market activities to changes in how customers consume information technology resources, such as through subscription and SaaS offerings; (3) the effect of the spin-off and changes in VMware’s and Dell Technologies’ commercial relationships and go-to-market and technology collaborations on VMware’s ability to maintain relationships with its customers, suppliers and on VMware’s operating results and business generally; (4) changes to VMware’s and Dell Technologies’ respective financial conditions and strategic directions that could adversely impact their commercial relationship and collaborations; (5) the continued risk of litigation and regulatory actions; (6) adverse changes in general economic or market conditions; (7) delays or reductions in consumer, government and information technology spending; (8) competitive factors, including but not limited to pricing pressures, industry consolidation, entry of new competitors into the industries in which VMware competes, as well as new product and marketing initiatives by VMware’s competitors; (9) rapid technological changes in the virtualization software and cloud, end user, edge security and mobile computing and telecom industries; (10) VMware’s customers’ uncertain acceptance of emerging technologies and ability to transition to new products, platforms, services, solutions and computing strategies in the industries in which VMware competes; (11) VMware’s ability to enter into, maintain and extend strategically effective partnerships, collaborations and alliances; (12) VMware’s ability to protect its proprietary technology; (13) the ability to successfully integrate into VMware acquired companies and assets and smoothly transition services related to divested assets from VMware; (14) changes to product and service development timelines; (15) risks associated with cyber-attacks, information security and data privacy; (16) disruptions resulting from key management changes; (17) risks associated with international sales such as fluctuating currency exchange rates and increased trade barriers; (18) changes in VMware’s financial condition; and (19) other business effects, including those related to industry, market, economic, political, regulatory and global health conditions. These forward-looking statements are made as of the date of this press release, are based on current expectations and are subject to uncertainties and changes in condition, significance, value and effect as well as other risks detailed in documents filed with the Securities and Exchange Commission, including VMware’s most recent reports on Form 10-K and Form 10-Q and current reports on Form 8- K that VMware may file from time to time, which could cause actual results to vary from expectations. VMware assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.

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VMware's website is located at <a href="www.vmware.com">www.vmware.com</a>, and its investor relations website is located at <a href="https://ir.vmware.com">https://ir.vmware.com</a>. VMware's goal is to maintain the investor relations website as a portal through which investors can easily find or navigate to pertinent information about VMware, all of which is made available free of charge. The additional information includes materials that VMware files with the SEC; announcements of investor conferences and events at which its executives talk about VMware's products, services and competitive strategies; webcasts of our quarterly earnings calls, investor conferences and events (archives of which are also available for a limited time); additional information on VMware's financial metrics, including reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures; press releases on quarterly earnings, product and service announcements, legal developments and international news; corporate governance information; and other news, blogs and announcements that VMware may post from time to time that investors may find useful or interesting.

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A New Chapter for VMware: Spin-Off from Dell Technologies Completed - VMware News and Stories

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Record Date for $11.5B conditional special dividend is October 29, 2021

PALO ALTO, Calif. – Oct. 19, 2021 –VMware Inc. (NYSE:VMW) (“VMware”), a leading innovator in enterprise software, today announced that October 29, 2021 has been set as the record date (the “Record Date”) for VMware’s $11.5 billion, conditional special dividend payable pro-rata to all VMware stockholders (the “Special Dividend”). The Special Dividend is payable in connection with the closing of the transactions contemplated by that Separation and Distribution Agreement, both originally announced on April 14, 2021, pursuant to which VMware will be spun-off (the “Spin-off”) from Dell Technologies Inc. (“Dell”). Payment of the Special Dividend remains subject to the Dividend Payment Conditions, as defined in the Separation and Distribution Agreement and described in VMware’s Current Reports on Form 8-K filed with the Securities and Exchange Commission on April 14, 2021 and October 7, 2021.  

The Special Dividend will be payable pro-rata to all VMware stockholders of record as of the close of business on the Record Date. VMware will announce the per share dividend amount following the end of trading on the New York Stock Exchange on the Record Date.  

Shareholders of record of Dell common stock that are entitled to receive the distribution of VMware Class A common stock as part of the Spin-off will not be entitled to the cash dividend.

The payment date for the Special Dividend will be November 1, 2021 (the “Payment Date”), subject to satisfaction of the closing conditions.

Shares of VMware Class A common stock will trade with due bills from October 28, 2021, through and including the Payment Date of November 1, 2021. The ex-dividend date will be November 2, 2021 (the first trading day following the Payment Date).

U.S. Federal Tax Treatment of the Special Dividend

VMware currently estimates that, for federal tax purposes, 39.49% of the Special Dividend will be treated as a taxable dividend, with the other 60.51% of the Special Dividend being first treated as a return on capital to stockholders to the extent of their basis in VMware common stock, and thereafter as capital gain. 

The tax treatment of the Special Dividend will be based on VMware’s current and accumulated earnings and profits through VMware’s fiscal year ending January 28, 2022 (“FY22”). The process of determining current and accumulated earnings and profits requires a final determination of VMware’s financial results for FY22 and a review of certain other factors. The determination will be based in part on factors that are outside of the control of VMware and which cannot be ascertained at this time. VMware does not expect the calculation of the portion that will be treated as a taxable dividend for federal tax purposes to be finalized until after the completion of FY22. Accordingly, the portion of the Special Dividend estimated to be a taxable dividend provided in this release is based upon currently available information and is subject to change.  

The taxable dividend may be eligible for treatment as a qualified dividend for federal tax purposes depending on the holding period of the underlying stock and other personal tax matters. The precise tax impact of the Special Dividend to specific stockholders depends upon the stockholder’s individual tax situation.

The Internal Revenue Service (“IRS”) Form 1099-DIV, issued no later than January 31 of each tax year (or as allowed by IRS procedures), will reflect the amount of the Special Divided to be treated as a taxable dividend and the amount of the distribution first treated as a return on capital to stockholders to the extent of their basis in VMware common stock, and thereafter as capital gain.

Since the tax treatment of the Special Dividend cannot be finalized until after the close of FY22 this may result in stockholders receiving an amended IRS Form 1099-DIV or other required reporting after the initial IRS Form 1099-DIV forms are distributed on January 31, 2022. The decision to issue an amended IRS Form 1099-DIV to stockholders will be made by individual brokerage firms.  

Stockholders are urged to consult with a tax advisor to determine the tax consequences of the Special Dividend received, including any state, local or foreign tax considerations.

The current estimated return of capital percentages relating to the Special Dividend will also be reported on IRS Form 8937 pursuant to U.S. tax basis reporting required under Internal Revenue Code Section 6045B. The IRS Form 8937 will be posted on the Payment Date to VMware’s investor relations website http://ir.vmware.com and may be updated once the return of capital percentages on the Special Dividend are finalized. 

This press release contains forward-looking statements that are based on VMware’s current expectations, including, among other things, statements regarding the transactions contemplated by the Separation and Distribution Agreement, including the Special Dividend, expected satisfaction of the Dividend Payment Conditions and timing of the related Record Date, Payment Date, per share dividend amount announcement, trading with due bills, the ex-dividend date, the tax treatment of the Special Dividend and the specific percentage of the Special Dividend that will be treated as a return on capital or capital gain. These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (1) satisfaction of conditions related to and VMware’s ability to pay the Special Dividend; (2) the occurrence of any event, change or other circumstances that could give rise to delay in the consummation of or failure to satisfy conditions precedent to transactions contemplated by, or result in the termination of, the Separation and Distribution Agreement; (3) adverse changes in general economic, capital markets or other market conditions; (4) competitive factors, including but not limited to pricing pressures, industry consolidation, entry of new competitors into and rapid technological changes in the industries in which we compete, and new product and marketing initiatives by VMware’s competitors; (5) VMware’s relationship with Dell and Dell’s ability to control matters requiring stockholder approval; (6) disruptions resulting from key management changes and VMware’s ability to retain and hire key personnel; (7) the impact of the COVID-19 pandemic on VMware’s operations, financial condition, customers, the business environment and global and regional economies; (8) the ability to successfully integrate into VMware acquired companies and assets and smoothly transition services related to divested assets from VMware; (9) VMware’s customers’ ability to transition to the new products, platforms, services, solutions and computing strategies that we offer, and the uncertainty of their acceptance of emerging technologies; (10) VMware’s ability to enter into, maintain and extend strategically effective partnerships, collaborations and alliances; (11) the continued risk of litigation and regulatory actions; (12) VMware’s ability to protect its proprietary technology; (13) risks associated with cyber-attacks, information security and data privacy; (14) risks associated with international sales such as fluctuating currency exchange rates and increased trade barriers and tariffs; (15) changes in VMware’s financial condition; (16) determination of VMware’s financial results for FY22; and (17) other factors relating to the final calculation of the portion of the Special Dividend taxable as a dividend,a return of capital or capital gain. These forward-looking statements are made as of the date of this press release, are based on current expectations and are subject to uncertainties and changes in condition, significance, value and effect as well as other risks detailed in documents filed with the Securities and Exchange Commission, including VMware’s most recent reports on Form 10-K and Form 10-Q and Current Reports on Form 8-K that VMware has filed and may file from time to time, which could cause actual results to vary from expectations. VMware assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this press release.

VMware Announces Record Date for Conditional Special Dividend - VMware News and Stories

VMware Announces Record Date for Conditional Special Dividend

I'm a member of the VMware Global Communications team focused on cloud, networking and security. Passionate about strategic storytelling, and connecting people to the information they need to learn and grow.

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Roger Fortier

PALO ALTO, Calif. – Sept. 27, 2021 – VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today announced that Raghu Raghuram, chief executive officer, Zane Rowe, chief financial officer & executive vice president, Sumit Dhawan, president, and other business executives will hold a Financial Analyst Meeting primarily focused on strategy and products in conjunction with VMworld 2021 on Thursday, October 7, from 1:00 p.m. PT/ 4:00 p.m. ET to 3:00 p.m. PT/ 6:00 p.m. ET.

A live webcast will be available on VMware’s Investor Relations page at http://ir.vmware.com. The replay of the webcast will be available for two months.

VMware software powers the world’s complex digital infrastructure. The company’s cloud, app modernization, networking, security, and digital workspace offerings help customers deliver any application on any cloud across any device. Headquartered in Palo Alto, California, VMware is committed to being a force for good, from its breakthrough technology innovations to its global impact. For more information, please visit <a href="https://www.vmware.com/company.html">https://www.vmware.com/company.html</a>

VMware to hold a Financial Analyst Meeting in conjunction with VMworld 2021.

Raghu Raghuram, chief executive officer, Zane Rowe, chief financial officer & executive vice president, Sumit Dhawan, president, and other business executives will hold a Financial Analyst Meeting primarily focused on strategy and products in conjunction with VMworld 2021 on Thursday, October 7, from 1:00 p.m. PT/ 4:00 p.m. ET to 3:00 p.m. PT/ 6:00 p.m. ET

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VMware, Inc. (NYSE:VMW), a leading innovator in enterprise software, today released a public security advisory (VMSA-2021-0020).

PALO ALTO, Calif.—VMware, Inc. (NYSE:VMW), a leading innovator in enterprise software, today released a public security advisory, VMSA-2021-0020. More information is available in the accompanying blog post.

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druyak@vmware.com

PPALO ALTO, Calif.--(BUSINESS WIRE)-- VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today announced that Raghu Raghuram, VMware’s chief executive officer will present at the Piper Sandler Global Technology Conference as a keynote speaker on Tuesday, September 14, 2021 at 9:00 a.m. PT/ 12:00 p.m. ET.

A live webcast will be available on VMware’s Investor Relations page at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fir.vmware.com&esheet=52485466&newsitemid=20210902005168&lan=en-US&anchor=http%3A%2F%2Fir.vmware.com&index=1&md5=7d0779c587f8b7fe562a0185acc95ef7">http://ir.vmware.com</a>. The replay of the webcast will be available for two months.

View source version on <a href="http://businesswire.com">businesswire.com</a>: <a href="https://www.businesswire.com/news/home/20210902005183/en/">https://www.businesswire.com/news/home/20210902005183/en/</a>

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VMware to Present at the Piper Sandler Global Technology Conference - VMware News and Stories

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VMware to Present at the Piper Sandler Global Technology Conference

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