VMware Reports Solid 4Q Results; Provides Positive Outlook; Raising FVE to $85
VMware’s fourth-quarter fiscal 2016 results surpassed the high end of management’s guidance as well as our expectations. The strong performance was driven by solid license growth in products such as NSX, vSAN, VxRail, and VCloud Air Network. We are encouraged by the momentum VMware’s newer products are building, such as NSX and vSAN, as we think the offerings will help offset declining license sales in VMware’s legacy compute business. Further, support and services made a large contribution to t...VMware is engaged in the development and application of technologies with x86 server-based computing, separating application software from the underlying hardware. The company's product and service solutions are organized into three main product groups: Software-Defined Data Center, which is designed to transform the data center into an on-demand service that addresses application requirements; Hybrid Cloud Computing, which is comprised of VMware Cloud Provider Program and VMware Cloud Services; and End-User Computing solution, which consists of VMware Workspace ONE, its digital workspace platform, that includes Unified Endpoint Management and VMware Horizon application and desktop virtualization.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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