Citrix, VMware Stocks Fall On Amazon Cloud Push
November 16, 2013
Grazed from Investors.com. Author: Editorial Staff.
Shares of Citrix Systems (CTXS) and VMware (VMW) were down for a second day following Amazon.com‘s (AMZN) announcement that its Amazon Web Services unit will enter the desktop virtualization market to boost its cloud computing business.
VMware’s virtualization software is widely used in corporate data centers to increase the flexibility and capabilities of computer servers, but it’s also moving onto desktops. Citrix has focused its virtualization technology in desktop PC environments. AWS said in a blog post Wednesday that it plans to offer Amazon WorkSpaces, a desktop virtualization product. Analysts expect AWS virtualization platform to be ready in the first half of 2014…
WorkSpaces, provides secure, cloud-based access to corporate documents and apps via a user’s device of choice, while eliminating the upfront and ongoing expenses associated with building out an owned infrastructure, UBS explained in a research report. UBS estimates AWS will bring in about $8.2 billion in revenue in 2017, up from about $3 billion this year and $2 billion last year…
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