Under this segment, the company recognizes revenues from term licenses in full after the completion of the shipment of the software, wherein at least 75% of the license fee is paid within a year of shipment, after fulfilling all other revenue recognition criteria. Upfront Products (24%): These revenues are recognized as Term License revenues.Under this segment, the company recognizes revenues from fees over the period of the license or as and when the installments are paid by the customer, whichever is later. Time-Based Products (59% of fiscal 2022 revenues): Segment revenues are recognized as Technology Subscription License (TSL) revenues.Synopsis reports revenues in three segments, namely Time-Based Products, Upfront Products and Maintenance and Service. Additionally, the company provides Intellectual Property (IP) used in semiconductor design and manufacturing to simplify the design process and accelerate time-to-market for its customers. Synopsis provides software and hardware, which are used to develop electronic systems that incorporate chips. Subscription and SaaS revenues were $4.01 billion. Subscription and SaaS revenues represented 30% of VMware's fiscal 2023 total revenues. In fiscal 2023, VMware reported revenues worth $13.35 billion. In fourth-quarter fiscal 2022, VMware completed a spin-off from Dell Technologies. In September 2016, VMware's parent company EMC was acquired by Dell for $67 billion. VMware's SDDC architecture consists of four main product categories: Compute (vSphere - flagship data center platform), Cloud Management (vRealize Operations, vRealize Automation, Wavefront, CloudHealth), Networking (NSX, VeloCloud, Network Insight, VMware NSX Advanced Load Balancer by Avi Networks), and Storage and Availability (vSAN, VxRail).ĮUC solution consists of VMware Workspace ONE, powered by Unified Endpoint Management (formerly known as AirWatch), and Horizon application and desktop virtualization. VMware Cloud Services enables its customers to run, manage, connect and better secure their applications across hybrid and multiple public clouds including Amazon Web Services (AWS), Microsoft Azure, Google Cloud and IBM Cloud.
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