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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.
Dell Technologies has partnered with Deep North to enhance retail analytics using AI-driven video technologies. Their collaboration aims to transform traditional retail environments by providing actionable insights from existing video cameras, addressing issues like foot traffic inaccuracies and stock management. This integration of Dell's edge computing and Deep North's AI capabilities will optimize customer experience in brick-and-mortar stores. The partnership will be showcased at Groceryshop 2022 in Las Vegas from September 19-22.
VMware has reached a settlement with the U.S. Securities and Exchange Commission to resolve an investigation regarding backlog disclosures from fiscal years 2019 and 2020. The company will pay a civil penalty of $8 million without admitting or denying any findings. Notably, the SEC found no violations of generally accepted accounting principles. Additionally, the SEC does not plan any enforcement action against current or former VMware management. VMware emphasizes its commitment to integrity in public communications.
Salesforce has signed a multi-year agreement with Dell Technologies, expanding its use of Dell infrastructure across over 60 data centers worldwide. This collaboration aims to enhance Salesforce's growth, targeting approximately $31 billion in revenue for FY23, up from $26.5 billion in FY22. The deal includes deploying over 1,500 Dell storage systems, improving performance by 25-50% for critical databases. Additionally, Dell Latitude laptops will be provided to Salesforce employees, featuring advanced security and AI capabilities to support a hybrid work environment.
Dell Technologies (NYSE: DELL) has declared a quarterly cash dividend of $0.33 per common share, payable on October 28 to shareholders on record as of October 19. This decision follows the company's recently established dividend policy approved in February. Dell began issuing quarterly dividends in April, marking a significant step in its shareholder return strategy.
Dell Technologies (NYSE: DELL) has announced that CEO Michael Dell and COO Chuck Whitten will present at two upcoming conferences in September 2022. Michael Dell will speak at Citi's 2022 Global Technology Conference in New York on September 7 at 9:30 a.m. CT, while Chuck Whitten will present at the Goldman Sachs Communacopia + Technology Conference in San Francisco on September 12 at 5:45 p.m. CT. Live webcasts of both events will be available on Dell's Investor Relations page.
VMware (NYSE: VMW) announced advancements to its Tanzu portfolio during VMware Explore 2022, aimed at enhancing Kubernetes developer experience and operational management. Key enhancements include improvements in Tanzu Application Platform and Tanzu for Kubernetes Operations designed to boost developer productivity, ensure end-to-end security, and facilitate multi-cloud operations. Notably, VMware's State of Kubernetes report indicates that 65% of organizations already run Kubernetes in production, with a significant expected expansion in the coming year.
VMware announced innovations at VMware Explore US 2022, addressing challenges in hybrid work. The company is enhancing its Anywhere Workspace platform, focusing on autonomous workspaces powered by data science. Key features include self-configuring, self-healing, and self-securing capabilities aimed at reducing IT efforts by at least 40%. Additionally, VMware introduced updates to its Horizon Cloud service, promising infrastructure cost reductions of over 70% while increasing scalability. Collaboration with Google enables secure access via certified devices, enhancing the hybrid work experience.
VMware has launched new and enhanced portfolio offerings at the VMware Explore 2022, focusing on Cross-Cloud services and advancing technology to help businesses navigate multi-cloud environments. The CEO, Raghu Raghuram, emphasized a cloud-smart approach for digital innovation. Key innovations include VMware vSphere 8 for operational efficiency, VMware Tanzu for cloud-native applications, and VMware Aria for multi-cloud management. These developments aim to simplify cloud operations and empower the hybrid workforce, enhancing overall customer experience.
VMware announced an extension of its collaboration with Microsoft to enhance enterprise cloud solutions via the Azure VMware Solution. This allows customers to purchase the solution through the VMware Cloud Universal program, streamlining multi-cloud strategies. The initiative facilitates modernization of vSphere workloads in Azure, potentially yielding a return on investment (ROI) between 125% and 274% and total cost of ownership (TCO) savings between $3 million and $7 million over three years.
VMware Inc. (NYSE: VMW) has revealed technological innovations aimed at enhancing networking and security in multi-cloud environments at VMware Explore 2022. Key highlights include:
- Project Northstar: Multi-cloud networking and security solution for workload mobility and threat detection.
- Carbon Black Cloud: Enhanced endpoint security with network visibility.
- Project Trinidad: Advanced API security.
- Project Watch: App-to-app policy control for risk assessment.
These advancements address increasing cyber threats and aim to streamline cloud operations for enterprises.
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