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VMware, Inc. (VMW) Presents at William Blair 40th Annual Growth Stock Virtual Conference (Transcript)

Jun. 10, 2020 7:00 PM ETVMware, Inc. (VMW) Stock
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VMware, Inc. (NYSE:VMW) William Blair 40th Annual Growth Stock Virtual Conference June 10, 2020 1:00 PM ET

Company Participants

Rajiv Ramaswami - COO, Products & Cloud Services

Conference Call Participants

Jason Ader - William Blair & Company

Jason Ader

Good afternoon, everyone. I am Jason Ader. Welcome to our virtual fireside chat with VMware Chief Operating Officer, Rajiv Ramaswami. Rajiv thanks for being with us Today.

Rajiv Ramaswami

Glad to be here with you Jason, virtually though.

Jason Ader

Before we begin, I am required to inform you that a complete list of research disclosures or potential conflicts of interest is detailed on our website at williamblair.com. In addition to statements made by VMware in these discussions, which are not statements of historical fact are forward looking statements based upon current expectations.

Actual results could differ materially from those projected due to a number of factors, including those referenced VMware's most recent SEC filings on Form 10-Q, 10-K and 8-K. Finally, there should be a question box in the webcast. So, please submit any questions you have. In real-time during the fireside chat, so we can queue those up without any delay.

With that, out of the way, let's dive into questions.

Question-and-Answer Session

Q - Jason Ader

So first of all, Rajiv, in the tech space, there are pure-play cloud players with rapid growth rates and those revaluations and then there's legacy on-prem players with shrinking businesses that industries have kicked to the curve. And certainly with COVID-19 this gap, this gap between haves and have not seems only to be widening. Where does the VMware fit into that spectrum?

Rajiv Ramaswami

Yes. Jason, let me walk you through the evolution of our company because we've been consistently evolving here over the last several years. We started out as you all know

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