CEO Hock Tan indicated a strong performance from VMware, stating 'When we acquired VMware... our target was... adjusted EBITDA of $8.5 billion within three years'. This reflects Broadcom's ambitions in optimizing VMware's operations for improved profitability in the near future.
Tan noted, 'VMware bookings continue to accelerate,' implying robust client demand and confirming that VMware's transition post-acquisition is progressing successfully despite some challenges in cost management and revenue structure.
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