'Sometimes it takes a decade to make a week of progress. Sometimes a week gives you a decade of progress,' VMware CEO Pat Gelsinger told CNBC.
recently predicted as much as 50% of the social media giant's employees could be working remotely in the next five to 10 years.
"Sometimes it takes a decade to make a week of progress. Sometimes a week gives you a decade of progress," Gelsinger said. "All of a sudden, education, health care, work from home, are making huge steps forward." Gelsinger said those developments instill confidence that technology — software and cloud, in particular — will be stronger than the overall economic climate. For VMware, specifically, many of its business units, such as Workspace ONE and Carbon Black, will be critical for businesses to operate in a world with a more distributed workforce, Gelsinger said.Thursday. It posted revenues of $2.73 billion, a 12% year-over-year increase, and $1.52 per share excluding some items.
Gelsinger said VMware issued a "more modest view" of its upcoming quarters due to the new ways of doing business. "We have to generate those new projects," he said, but it requires "new muscles" in a remote-work environment.in 169 offices globally as of Jan. 31. Gelsinger said many of the company's smaller, satellite offices may close. But the Silicon Valley headquarters are still a part of the company's future plans.
"This is going to move from being a hotel for offices to a collaboration hub. I expect our footprint here will largely stay the same, but we're going to redesign it quite significantly," he explained. "This is where we're going to gather to innovate, to build community, to reestablish culture and connections with people."
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