Dell Plus VMware Equals $1 Billion Opportunity

Tucci said VMware revenue synergies with Dell could top $1 billion annually in the next few years.

"Many of VMware's leading products like vSphere, vRealize, vSAN, NSX and AirWatch are a natural fit for Dell's midmarket customers," said Tucci.

EMC's board and Dell each hired a consulting firm to look at the synergy revenue opportunities between VMware and Dell and both firms came out with "very similar" figures at around $1 billion annually, said Tucci.

"The leaders in the converged infrastructure, hyper-converged infrastructure area -- probably about 70 percent of them are using their converged infrastructure in a VMware environment, maybe even a little higher. Obviously, Dell is playing in that area. They partner with some of those leading players," said Tucci.