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Dell Technologies Inc. (NYSE: DELL) is a global leader in providing essential infrastructure for organizations to build their digital future, transforming and protecting their most valuable asset - information. Based in Round Rock, Texas, Dell Technologies is a broad-based information technology vendor, primarily focused on premium personal computers and enterprise on-premises data center hardware. The company holds top-three positions in its core markets, including personal computers, peripheral displays, mainstream servers, and external storage.
At its core, Dell Technologies offers a diverse portfolio of products and services, encompassing high-performance PCs, secure and scalable storage solutions, multifunctional servers, and advanced data protection systems. The company's infrastructure solutions, such as Dell PowerScale storage and Dell PowerProtect data protection, are designed to meet the increased IT demands for AI modeling, validation, and secure data management.
Recent notable achievements include a groundbreaking partnership with Subaru to enhance driver safety using AI and high-performance storage. Subaru's deployment of Dell PowerScale systems has significantly advanced its EyeSight Driver Assist Technology, making driving safer by integrating, analyzing, and utilizing vast amounts of data effectively.
Financially, Dell Technologies has shown resilience in a fluctuating market, reporting $22.3 billion in revenue for its fiscal 2024 fourth quarter, with significant growth in AI-optimized servers. Despite a year-over-year revenue decline, the company's strong cash flow from operations and an increased annual dividend demonstrate its solid financial health and commitment to returning value to shareholders.
Dell Technologies continues to drive innovation through strategic partnerships and robust product offerings. Collaborations with leading organizations like Northwestern Medicine and Hyundai AutoEver showcase Dell's commitment to leveraging AI and edge computing in advancing healthcare and manufacturing processes. Furthermore, the company's expansive edge partner ecosystem and introduction of Dell NativeEdge Blueprints offer enhanced capabilities for managing AI and machine learning applications at the edge.
Environmental, Social, and Governance (ESG) efforts are central to Dell's mission, focusing on driving positive impacts for people and the planet while delivering long-term value. The company is actively improving its sustainability practices, aiming to reduce carbon footprints, enhance data protection, and support innovative healthcare solutions.
Overall, Dell Technologies Inc. is well-positioned to continue leading in the information technology sector, driving digital transformation and providing comprehensive solutions that meet the evolving needs of businesses and individuals worldwide.
OneMind Technologies, a subsidiary of Affluence Corporation (OTC PINK:AFFU), has formed a strategic partnership with Dell Technologies (NYSE:DELL). This collaboration will see Dell integrate OneMind's Hypervisor into its Digital City Software product. The partnership aims to leverage Dell's extensive sales force to expand OneMind's global market reach, following previous successful projects. Both companies have participated in major Digital City events, showcasing their joint capabilities in the smart city sector.
Dell Technologies (NYSE: DELL) announced key presentations by Chuck Whitten, co-COO, and Matt Baker, SVP of corporate strategy, at upcoming investor conferences. Whitten will speak at the Credit Suisse 26th Annual Technology Conference on Nov. 30, 2022, at 9:55 a.m. CT in Scottsdale, AZ. Baker will present at the Barclays Global TMT Conference on Dec. 7, 2022, at 1:35 p.m. CT in San Francisco, CA. Live webcasts and replays will be available on Dell's Investor Relations page.
VMware reported Q3 fiscal 2023 revenue of $3.21 billion, a 1% increase year-over-year, with subscription and SaaS revenue reaching $988 million, up 20%. Subscription and SaaS ARR grew 24% to $4.10 billion. However, GAAP net income dropped 43% to $231 million ($0.54 per share), while non-GAAP net income fell 15% to $626 million ($1.47 per share). Operating income also decreased by 25% to $390 million. RPO increased 7% to $11.90 billion.
Dell Technologies has announced advancements in its PowerProtect Data Manager software and new appliance aimed at enhancing operational security and cyber resiliency. The introduction of isolated cyber vaults in Google Cloud expands Dell's cyber recovery capabilities. Additionally, the Dell APEX Data Storage Services now offers flexible backup storage as-a-Service. These innovations support the implementation of Zero Trust principles and include a new Cyber Recovery Guarantee, which provides up to $10 million in reimbursement for data recovery expenses following cyber incidents.
Dell Technologies (NYSE:DELL) expands its high-performance computing (HPC) portfolio with new server offerings to enhance AI capabilities. Key additions include the PowerEdge XE9680, XE9640, and XE8640 servers featuring advanced GPU options from NVIDIA and optimized for AI workloads. The Dell APEX High Performance Computing service allows organizations to manage scalable HPC workloads as a subscription. Additionally, the Dell Quantum Computing Solution integrates quantum technology into existing infrastructures. New validated designs for HPC aid financial institutions in risk assessment, accelerating data analyses.
Dell Technologies announces the launch of its next-gen PowerEdge servers powered by 4th Generation AMD EPYC processors, enhancing application performance by up to 121% and doubling previous system capabilities. These servers feature advanced cooling technologies for increased power efficiency and built-in cybersecurity operations for protecting sensitive data. The PowerEdge R7625 model has set a world record for accelerating in-memory databases, while sustainability efforts include using recycled materials and reduced CO2 emissions.
At VMware Explore 2022 Europe, VMware (NYSE: VMW) unveiled innovations aimed at enhancing multi-cloud capabilities for customers. CEO Raghu Raghuram highlighted the shift towards a 'Cloud Smart' approach, addressing complexities in cost, cybersecurity, and energy consumption. Key offerings include the VMware Sovereign Cloud, next-generation SD-WAN, and Carbon Black XDR, designed to improve operational efficiency and security. Research indicates that 97% of cloud-smart organizations reported revenue growth, showcasing the effectiveness of VMware's strategies.
HPE and VMware have announced a partnership to deliver HPE GreenLake for VMware, aimed at creating a unified, modern hybrid cloud solution. The collaboration is designed to help organizations address the complexities of cloud management with a pay-as-you-go model. This integrated service focuses on offering flexibility and choice, enabling customers to optimize their infrastructure across various environments. Expected to be available in the first half of 2023, this solution enhances the operational framework for over 200,000 shared customers of both companies.
VMware and Equinix have expanded their partnership by launching VMware Cloud on Equinix Metal, a new distributed cloud service targeting enterprises. This service promises enhanced performance, security, and cost-effectiveness, addressing customer needs for low-latency and high-performance applications. It combines VMware's IaaS with Equinix's Bare Metal as a Service, enabling seamless operations across multiple cloud environments. This move aligns with the growing demand for cloud-smart solutions, facilitating better infrastructure for smart cities, video analytics, and financial trading.
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