Dell Technologies Stock Price, News & Analysis

NetApp and VMware are expanding their alliance to enhance seamless migration and modernization of enterprise workloads in multi-cloud environments. This collaboration aims to reduce costs and complexity while improving performance for traditional and modern applications. It builds on two decades of shared experience supporting 20,000 mutual customers. The partnership focuses on three initiatives: cost-effective multi-cloud migration, modern application acceleration using Kubernetes, and optimizing data center infrastructure. These efforts will strengthen customer capabilities in managing hybrid cloud environments.

Dell Technologies reported record second quarter revenue of $26.4 billion, reflecting a 9% year-over-year increase, driven by robust growth in Client Solutions Group (CSG) and Infrastructure Solutions Group (ISG). Operating income rose 25% to $1.3 billion. However, net income from continuing operations fell 20% to $506 million, and diluted earnings per share decreased 15% to $0.68. The company ended the quarter with $41 billion in remaining performance obligations and $7.1 billion in cash.

Dell Technologies (NYSE: DELL) announces that Yvonne McGill, CFO of the Infrastructure Solutions Group, will present at the Deutsche Bank 2022 Technology Conference in Las Vegas on August 31, 2022, at 1:30 p.m. PT / 4:30 p.m. ET. This fireside chat offers insights into Dell's strategies and innovations in the digital era. A live webcast and replay will be accessible on Dell’s Investor Relations page. Dell Technologies continues to lead in providing cutting-edge technology solutions.

Dell Technologies partners with The Kraft Group to enhance fan experiences at Gillette Stadium through advanced technology solutions. This collaboration focuses on establishing a consistent IT platform, ensuring cybersecurity, and facilitating efficient data management. Key benefits include real-time insights for improved fan engagement, reduced IT expenditures by 25-30%, and a 40% reduction in overall storage footprint. The initiative supports the Kraft Group's sustainability goals and prepares for major events like the 2026 FIFA World Cup.

VMware announced its upcoming global multi-cloud event, VMware Explore 2022 US, scheduled for Aug. 29-Sept. 1, 2022 at the Moscone Center, San Francisco. The event will feature keynote speeches by VMware CEO Raghu Raghuram and other industry leaders, focusing on multi-cloud innovations and strategies. Attendees can expect over 800 breakout sessions and presentations from sponsors including AWS, Dell Technologies, and Google Cloud. The session will also be livestreamed, providing broad access to its content.

VMware has unveiled the next evolution of its Partner Connect program, aimed at enhancing partner capabilities and profitability. The new framework allows flexibility for partners to transition to SaaS, subscription, and services-based business models. Key profit drivers identified include Services, Lifecycle Profit, and Stickiness, with profitable partners achieving more than 80% of revenue from services. A points-based progression system simplifies partner engagement and rewards, enabling better management of their VMware business, ultimately capturing opportunities in the growing multi-cloud market.

VMware has been recognized as a Leader in the 2022 Gartner Magic Quadrant for Unified Endpoint Management (UEM), marking its fifth consecutive year in this position. Furthermore, the company achieved the highest product scores across all four use cases in the 2022 Gartner Critical Capabilities for UEM Tools report, including Security-Centric Management and Modern Windows Management. This recognition underscores VMware's commitment to enhancing employee experiences and meeting the growing demands for secure, seamless remote work.

Dell Technologies (NYSE: DELL) will host a conference call on August 25, 2022, at 4:30 p.m. CDT, to discuss its fiscal 2023 second quarter financial results. A press release with detailed financial statements will precede the call, which will be accessible via an audio webcast on the company's investor relations website. Interested parties can also download an archived version of the presentation, which includes additional financial and operational insights. This event underscores Dell's commitment to transparency and investor communication.