Dell Technologies Inc. - DELL STOCK NEWS

Dell Technologies (NYSE: DELL) has declared a quarterly cash dividend of $0.445 per common share. The dividend will be payable on November 1, 2024, to shareholders of record as of October 22, 2024. This announcement follows the company's decision in February to increase its annual cash dividend by 20% to $1.78 per common share, demonstrating Dell's commitment to returning value to shareholders. The dividend declaration reflects the company's financial stability and confidence in its cash flow generation capabilities.

Dell Technologies (NYSE: DELL) and Red Hat are collaborating to bring Red Hat Enterprise Linux AI (RHEL AI) to Dell PowerEdge servers. RHEL AI, an AI-optimized operating system for developing and deploying AI and generative AI models, will be available on Dell PowerEdge R760xa servers in Q3 2024. This partnership aims to simplify AI implementation for organizations by providing a consistent AI experience on optimized hardware.

Key points:

• RHEL AI becomes a preferred platform for AI deployments on Dell PowerEdge servers
• The collaboration includes continuous testing and validation of hardware solutions, including NVIDIA accelerated computing
• RHEL AI integrates open-source Granite LLMs from IBM Research and InstructLab model alignment tools
• The solution is packaged as an optimized RHEL image for individual server deployments and is included in Red Hat OpenShift AI

Dell Technologies (NYSE: DELL) reported strong fiscal Q2 2025 results, with revenue up 9% year-over-year to $25.0 billion. The company's Infrastructure Solutions Group (ISG) achieved record revenue of $11.6 billion, up 38%, driven by an 80% increase in servers and networking revenue to $7.7 billion. Client Solutions Group (CSG) revenue declined 4% to $12.4 billion. Diluted earnings per share rose 86% to $1.17, while non-GAAP diluted EPS increased 9% to $1.89. Dell's AI-optimized server demand reached $3.2 billion, up 23% sequentially, with a backlog of $3.8 billion. The company returned $1 billion to shareholders through share repurchases and dividends.

Dell Technologies (NYSE: DELL) has announced that its top executives will be presenting at two major investor conferences in September 2024. Michael Dell, the chairman and CEO, will speak at the Citi 2024 Global TMT Conference in New York on September 4 at 11:40 a.m. ET. Jeff Clarke, vice chairman and COO, will present at the Goldman Sachs Communacopia + Technology Conference in San Francisco on September 10 at 6:45 p.m. ET.

These presentations offer investors and analysts valuable insights into Dell's strategies and outlook. Both events will be accessible via live webcast, with replays available on Dell Technologies' Investor Relations page, providing an opportunity for those unable to attend in person to stay informed about the company's latest developments and future plans.

Dell Technologies (NYSE: DELL) has announced a conference call on August 29, 2024, at 3:30 p.m. CDT to discuss its fiscal 2025 second quarter financial results. The call will be available as a live, audio-only webcast on Dell's investor relations website. Prior to the call, Dell will release its financial results via press release, along with prepared remarks and a presentation containing additional financial information. These materials will be accessible on the company's investor website. Dell Technologies positions itself as a leader in providing innovative technology and services for the AI era, helping organizations and individuals build their digital future.

Coretelligent, a leading IT solutions provider, has joined the Secureworks Global MSSP Partner Program to enhance its cybersecurity offerings. This partnership allows Coretelligent to leverage the AI-powered Secureworks Taegis XDR platform to provide advanced threat prevention, detection, and response services to its mid-market customers.

Key benefits of this collaboration include:

• Upgraded real-time threat detection with cloud-native XDR
• Advanced vulnerability management with risk-based prioritization
• 365 days of live data storage for better visibility
• AI-powered threat intelligence to reduce false positives
• Enhanced cloud and remote support for distributed workforces
• Over 100 automated response playbooks for swift incident containment

This partnership aims to address the growing cybersecurity skills gap and support organizations in strengthening their cyber defenses against an expanding attack surface and evolving threats.

Dell Technologies (NYSE: DELL) has announced an upcoming investor conference call on July 31, 2024, at 3 p.m. CT / 4 p.m. ET. The call will focus on discussing the company's corporate sustainability strategy.

Key speakers for the event include:

• Cassandra Garber, VP of Corporate Sustainability and ESG
• Alyson Freeman, Customer Innovation Lead for Corporate Sustainability and ESG
• Hall Butler, Senior Director of Investor Relations

Investors and interested parties can access the live webcast and a subsequent replay on Dell Technologies' Investor Relations page at investors.delltechnologies.com. This call represents an opportunity for stakeholders to gain insights into Dell's sustainability initiatives and their potential impact on the company's future.

Dell Technologies (NYSE: DELL) has announced a quarterly cash dividend of $0.445 per common share, payable on August 2 to shareholders of record as of July 23. This follows a 20% increase in the annual cash dividend to $1.78 per common share, approved by the board in February.

A recent SHI International and Dell Technologies survey reveals only 13.2% of research institutions are prepared for AI implementation. While 50% have a defined AI strategy, significant gaps exist in infrastructure, training, and data policies. Key use cases include chatbots (36.8%) and research tools (35.3%). Major barriers are competing priorities (36.8%), inadequate funding (36.8%), and lack of strategy (30.9%). Although 70% of institutions are using or plan to use AI within 12 months, only 16% have AI-ready infrastructure and 29.4% have insufficient data security measures.