![]() By spinning off our ownership of VMware, Dell Technologies will drive additional growth opportunities for both Dell and VMware and unlock significant value for stakeholders. “By spinning off VMware, we expect to drive additional growth opportunities for Dell Technologies as well as VMware, and unlock significant value for stakeholders,” he said.Įxcluding VMware’s revenue figures, Dell said the company’s deferred revenue value was $25.1bn for the fiscal year 2021, which ended in Februay 2021.ĭuring the investor call announcing the spin-off, he said: “As Dell enters a new phase, I have never been more optimistic about the opportunities ahead of us. Michael Dell, the company’s chairman and president, described the spin-off as a new phase for Dell. ![]() Dell Technologies said VMware would continue to use Dell Financial Services to help its customers finance their digital transformations. The spin-off will see the two businesses enter into a five-year commercial agreement to co-develop technology and products and align sales and marketing activities.
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