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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 reported a 9% year-over-year increase in total revenue, reaching $3.14 billion for Q2 fiscal year 2022. Subscription and SaaS revenue grew by 23% to $776 million, with ARR expanding 26% year-over-year to $3.15 billion. However, GAAP net income decreased 8% to $411 million, reflecting a decline in both GAAP and non-GAAP operating income. VMware is on track for its planned spin-off from Dell in November 2021. The company continues to enhance its multi-cloud platform, focusing on solutions for hybrid work environments.
Dell Technologies (NYSE: DELL) will hold a conference call on August 26, 2021, at 4:30 p.m. CDT to discuss its fiscal 2022 second quarter financial results. The event is open to the public via a live webcast on the company's investor relations website. A press release with financial statements will precede the call, providing additional insights into Dell's performance. Stakeholders can access archived information following the live event. Dell continues to support digital transformation for organizations and individuals with a comprehensive tech portfolio.
Dell Technologies (NYSE: DELL) is partnering with GE (NYSE: GE) to enhance GE's IT infrastructure through the APEX as-a-Service model. This collaboration aims to streamline and scale IT operations across GE's 170 countries, driving automation and cost savings. The use of Dell's APEX Data Center Utility allows GE to adapt its resources to meet varying business demands, ensuring efficiency and predictability in expenses. The agreement supports GE's goal of simplifying its infrastructure while maintaining agility across diverse global operations.
On July 20, 2021, NBC Olympics announced its partnership with Dell Technologies for high-performance storage solutions for the Tokyo Olympics, scheduled from July 23 to August 8. Dell EMC PowerScale will be utilized to store and manage over 7,000 hours of video content across two production sites in Japan and one in the U.S. This collaboration aims to enhance global content sharing and viewer experience, showcasing technological innovations integral to Olympic story-telling.
Dell Technologies (NYSE: DELL) has partnered with Vodafone to establish Europe's first commercial Open Radio Access Network (O-RAN) network, aimed at enhancing broadband access across Europe. The initiative will commence in the UK, deploying Dell EMC PowerEdge servers at 2,500 sites to support data-intensive workloads. The collaboration is expected to drive innovation and new revenue opportunities by creating an open vendor ecosystem. Dennis Hoffman from Dell emphasized the partnership's goal of accelerating network deployment and delivering innovative solutions through open standards.
Dell has launched the UltraSharp Webcam, a premium 4K webcam designed for professionals and video conferencing. With advanced features including nine patent-pending technologies, it promises superior image quality akin to DSLR cameras. The webcam incorporates intelligent features like auto-framing and Windows Hello facial recognition for enhanced usability and security. Priced at $199.99, the webcam is available worldwide starting June 29, 2021, and is certified for use with major platforms like Microsoft Teams and Zoom.
Dell Technologies introduces Omnia, an open-source software that enhances the deployment of AI and compute-intensive workloads. The new HPC on demand services offer pay-as-you-go resources for hybrid clouds using VMware infrastructure. Additionally, Dell EMC PowerEdge servers now support NVIDIA A30 and A10 GPUs for advanced computing tasks. These solutions aim to simplify resource management and accelerate data-intensive workloads across industries.
DISH Network has partnered with Dell Technologies to establish a cloud-native, open RAN-based 5G network in the United States. This strategic collaboration aims to deliver an edge compute infrastructure and promote innovation for various sectors including healthcare and education. With Dell's APEX, DISH gains flexibility in acquiring technology. The partnership will focus on co-developing technologies for Open RAN, machine learning capabilities, and customized 5G solutions. This infrastructure is designed to enhance operational efficiency and meet the growing demands of edge computing.
Dell Technologies (NYSE: DELL) appointed Chuck Whitten as co-chief operating officer (co-COO), effective August 16, 2021. This strategic move comes after a record fiscal year and reflects the company's ambition for growth in digital and data-driven markets. Whitten, formerly with Bain & Company, has deep ties with Dell leadership and has been instrumental in shaping its strategy. His role aims to enhance leadership capacity and accelerate decision-making, particularly in high-priority areas like cloud and telecom.
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