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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.
VMware has announced that its Tanzu Observability is now available in AWS Marketplace, enhancing visibility for customers like Centrica. This partnership allows Centrica to gain insights into its cloud-native applications, leading to a 25% reduction in monthly cloud spend. With Tanzu Observability, businesses can monitor their AWS infrastructure more effectively, promoting proactive management and improved application performance. This integration aims to ease the purchase process and support cloud transformation journeys for AWS customers.
VMware (NYSE: VMW) has been recognized as a Visionary in the 2022 Gartner Magic Quadrant for Application Performance Monitoring and Observability. The Tanzu Observability by Wavefront platform was commended for its vision and execution, helping organizations manage multi-cloud strategies efficiently. Ajay Patel, SVP at VMware, emphasized the platform's role in enhancing application performance and service availability. This accolade underscores VMware's commitment to enabling organizations in their cloud journeys.
Dell Technologies (NYSE: DELL) has declared a quarterly cash dividend of $0.33 per common share. This dividend is payable on July 29 to shareholders of record as of July 20. Following the board's approval of a dividend policy in February 2022, this marks the second dividend since its introduction.
Dell aims to help organizations and individuals enhance their digital future by providing innovative technology and service solutions.
Dell has launched the Precision 7865 Tower, powered by AMD Ryzen Threadripper PRO 5000 WX-Series processors. This new workstation is designed for high-performance applications, offering up to 64 CPU cores, 56TB storage, and various graphics options. The system's innovative design promotes thermal efficiency and acoustic performance while making upgrades easy. Enhancements include AI-driven software for improved productivity and security features that protect sensitive data. The Precision 7865 Tower showcases Dell's commitment to enabling complex workflows for professionals in various fields.
VMware (NYSE: VMW) has introduced valuable enhancements to its Workspace ONE platform aimed at improving mobile device security and streamlining Windows OS update management. The new Workspace ONE Mobile Threat Defense provides advanced mobile security, addressing risks from applications, web content, and device vulnerabilities. Additionally, new update management features automate patching for Windows OS, allowing IT to manage updates efficiently from the cloud. These innovations are designed to support hybrid workforces by enhancing security and simplifying IT operations.
VMware has announced the launch of Contexa, a comprehensive threat intelligence capability designed to enhance security across modern and traditional applications in multi-cloud environments. This technology processes over 1.5 trillion endpoint events and 10 billion network flows daily, uncovering 2.2 billion suspicious behaviors each day. Integrated into existing VMware security products at no additional cost, Contexa aims to strengthen defenses against sophisticated cyber threats and enhance visibility into application interactions.
Dell Technologies (NYSE: DELL) announces that Yvonne McGill, the Corporate Controller and CFO of the Infrastructure Solutions Group, will participate in a fireside chat at the Bank of America 2022 Global Technology Conference. The event is set to take place on June 7, 2022, at 3:05 p.m. PT / 6:05 p.m. ET in San Francisco, CA. A live webcast and replay will be accessible via Dell's Investor Relations page. Dell Technologies focuses on building digital futures with a wide range of innovative technology services.
Dell Technologies reported a record first quarter fiscal 2023 revenue of $26.1 billion, up 16% year-over-year, with growth across Infrastructure Solutions Group and Client Solutions Group. Operating income rose 57% to $1.6 billion, and diluted earnings per share increased 63% to $1.37. The company also achieved non-GAAP diluted EPS of $1.84, a 36% increase. Additionally, Dell reported recurring revenue of approximately $5.3 billion, up 15%.
VMware reports Q1 fiscal 2023 revenue of $3.09 billion, up 3% year-over-year, with subscription and SaaS revenue reaching $899 million, a 21% increase. The company has entered into a definitive agreement to be acquired by Broadcom for approximately $61 billion. GAAP net income stands at $242 million, down 43% per diluted share from the prior year. VMware has canceled its Q2 2023 conference call and suspended full-year guidance due to the pending acquisition. Operating cash flow was $1.01 billion with a strong RPO of $11.56 billion, reflecting a 5% year-over-year growth.
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