VMware Inc. was charged by the Securities and Exchange Commission late Monday for misleading investors about its sales practices. The SEC said "beginning in fiscal year 2019, VMware began delaying the delivery of license keys on some sales orders until just after quarter-end so that it could recognize revenue from the corresponding license sales in the following quarter." With this practice, "VMware shifted tens of millions of dollars in revenue into future quarters, building a buffer in those p Read More...
VMware Inc. was charged by the Securities and Exchange Commission late Monday for misleading investors about its sales practices. The SEC said “beginning in fiscal year 2019, VMware began delaying the delivery of license keys on some sales orders until just after quarter-end so that it could recognize revenue from the corresponding license sales in the following quarter.” With this practice, “VMware shifted tens of millions of dollars in revenue into future quarters, building a buffer in those p
