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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 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.
T-Mobile and Dell Technologies have partnered to deliver 5G Private Mobile Networks, aiming to enhance enterprise and government operations. The collaboration combines T-Mobile's 5G connectivity with Dell's edge computing technologies, offering superfast speeds and ultra-low latency. T-Mobile's network will be fully managed, allowing clients to focus on new applications that drive revenue and cost savings. This initiative responds to growing demand for simple, effective private network solutions.
VMware, Inc. (NYSE: VMW), renowned for its innovation in enterprise software, is set to announce its fiscal year 2023 first quarter financial results on May 26, 2022, post-market. The company will conduct a conference call at 1:30 p.m. PT for a financial review and business outlook, with a live webcast available on its Investor Relations website. VMware focuses on multi-cloud services and aims to enhance digital innovation while ensuring enterprise control, supporting their commitment to a sustainable future through their 2030 Agenda.
Dell Technologies (NYSE: DELL) will hold a conference call on May 26, 2022, at 4:30 p.m. CDT to discuss its fiscal 2023 first quarter financial results. The results will be released ahead of the call, accompanied by detailed financial statements. Interested parties can access the live audio webcast on Dell's investor relations website, where an archived version will also be available afterward. This event is part of Dell's ongoing commitment to transparency and communication with its stakeholders.
VMware has announced a multi-year partnership with McLaren Racing, enhancing the team's operational efficiency through advanced multi-cloud solutions. The collaboration aims to optimize app performance, improve edge connectivity, and ensure seamless workspace experiences for the racing team as they compete across various global venues. Notable features include App Optimization, Edge Connectivity via VMware SD-WAN, and Anywhere Workspace capabilities. This alliance is expected to empower McLaren in their pursuit of racing excellence.
VMware (NYSE: VMW) and Wipro (NYSE: WIT) are expanding their partnership to assist customers in modernizing applications and transitioning to the cloud with enhanced efficiency. This collaboration aims to simplify multi-cloud initiatives, addressing complexities that can impede application development.
The alliance combines VMware Cross-Cloud™ services with Wipro FullStride Cloud Services, promoting quicker deployment of modern applications while managing costs and risks. Together, they aim to help enterprises accelerate innovation and optimize cloud operations across multiple regions.
Atos and VMware (NYSE: VMW) have expanded their strategic partnership to enhance capabilities for developing Data Spaces, aimed at improving data exchange, collaboration, and monetization across industries. This collaboration will support Gaia-X principles for data sovereignty and interoperability. By leveraging VMware’s multi-cloud and app modernization tools alongside Atos' cybersecurity and cloud solutions, they aim to boost digital economies and facilitate industry-specific services across sectors like healthcare, finance, and utilities.
Dell Technologies is enhancing its storage software portfolio with over 500 advancements, boosting intelligence, automation, and security without additional costs for existing customers. Key improvements include a 50% performance boost for PowerStore, enhanced cyber resilience for PowerMax, and new file services for PowerFlex. These innovations are designed to help organizations maximize their data's value and ensure robust IT operations. Planned global availability for these updates is set for Q3 2022.
Dell Technologies has announced enhancements to its APEX portfolio, focusing on managed services for cyber recovery and extending multi-cloud capabilities. The company introduced APEX Cyber Recovery Services to aid in cyberattack recovery, with a global deployment strategy. Additionally, Dell launched PowerProtect Cyber Recovery for Microsoft Azure and CyberSense for AWS to bolster data protection in public cloud environments. A partnership with Snowflake will facilitate better data connectivity across multi-cloud platforms. These offerings are part of Dell's strategy to simplify data management for its customers.
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