“It’s just that the mix, if you will, within those products shifted a little bit more to term than we had expected originally,” he added. Rowe said VMware was pleased with Horizon’s performance, along with its entire end-user computing (EUC) portfolio, including Workspace One. While fewer VMware Horizon deals were subscription-based than expected, Rowe indicated the pandemic was not a weighing factor. But concerns about the subscription growth initially sent VMware’s share down 5%. Overall, VMware revenues of $3.14 billion, which were 9% higher than the same period last year, beat expectations. “For a variety of reasons, they chose term, which on the margin actually did impact our split between sub and SaaS and on-prem,” he said. “We were expecting a few more customers to lean into to the sub and SaaS part of that portfolio, versus the term license,” VMware CFO Zane Rowe said during the company’s earnings webcast.
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