Dell Technologies Stock Price, News & Analysis

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.