"Broadcom's Cloud Foundation stack garnered strong interest, with approximately 70 percent of its top 10,000 customers adopting it, significantly boosting revenue."
"The company's software revenue surged from $1.97 billion in Q4 2023 to $6.7 billion in Q1 2025, heavily influenced by the VMware acquisition."
Broadcom's recent earnings reveal a significant revenue hike of 25% year-on-year, largely attributed to its acquisition of VMware. In Q1 2025, Broadcom reported $14.92 billion in revenue and a staggering net income increase of 315%. The integration of VMware has transformed Broadcom's software business, with revenues in this unit climbing to $6.7 billion. Particularly noteworthy is the adoption of VMware Cloud Foundation by 70% of Broadcom's largest 10,000 customers, indicating the success of the subscription model over traditional licenses, leading to larger revenue from existing customers.
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