Dell Technologies Inc. - DELL STOCK NEWS

Dell Technologies announced enhancements to its VxRail hyperconverged infrastructure (HCI) systems, integrating new PowerEdge servers for improved performance and greater capacity. The update introduces dynamic nodes supporting VMware HCI Mesh, allowing independent scaling of storage and compute. VxRail systems now feature automated self-installation tools and improved software for easier deployment. Customers can expect a 452% five-year ROI and enhanced operational flexibility with new system configurations, including support for AI workloads.

Dell Technologies (NYSE: DELL) has announced participation in two upcoming virtual investor conferences. Michael Dell, chairman and CEO, will present at the Bernstein Strategic Decisions Conference on June 2, 2021, at 1:40 p.m. CT. Yvonne McGill, CFO of Infrastructure Solutions Group, will present at the Evercore ISI Inaugural TMT Conference on June 7, 2021, at 3:15 p.m. CT. Interested parties can access a live webcast and replay on the Investor Relations page.

Dell Technologies announced record financial results for Q1 fiscal 2022, achieving $24.5 billion in revenue, a 12% increase year-over-year. Operating income rose 96% to $1.4 billion and diluted EPS surged 495% to $1.13. Non-GAAP net income reached $1.8 billion, up 59%. The company reported remaining performance obligations of $42 billion and cash reserves of $15.9 billion.

Strength across Infrastructure Solutions, Client Solutions, and VMware contributed to this growth, with a focus on enhancing digital transformation initiatives.

Dell Technologies (NYSE: DELL) will hold a conference call on May 27, 2021, at 4:30 p.m. CDT to discuss its fiscal 2022 first quarter financial results. The call will be accessible to the public through a live audio-only webcast, which can be found on Dell Technologies' investor relations site. The company plans to release its financial results prior to the call, accompanied by detailed financial statements and other materials for download.

Dell Technologies and Equinix have announced an expanded collaboration to enhance access to Dell Technologies APEX via Equinix data centers. This partnership allows organizations to adopt hybrid or multi-cloud strategies, providing a simplified IT experience with a single invoice and scalable storage solutions. Customers can manage their APEX services through the APEX Console and benefit from a secure, on-demand hybrid cloud solution. With over 220 Equinix data centers globally, this collaboration aims to meet rising data storage needs efficiently.

Dell Technologies (NYSE: DELL) collaborates with i2b2 tranSMART Foundation to develop digital twins for long-haul COVID-19 treatment. This initiative leverages large-scale de-identified patient data to create virtual models for personalized treatment simulations. The project aims to aid researchers in delivering more precise therapies based on individual medical history and genetics. Initially, the data enclave will support analysis for 70,000 patients, with potential expansion to two million digital twins by 2025, enhancing global research collaboration against long COVID.

Dell Technologies (NYSE: DELL) is launching innovative solutions aimed at enhancing data value at the edge. Key announcements include the upgraded Dell EMC Streaming Data Platform for real-time analytics and new manufacturing edge solutions to boost productivity and reduce costs. The company underscores its commitment to edge computing, essential as Gartner estimates over 50% of enterprise data will be created outside traditional data centers by 2022. Duos Technologies showcases a successful application of Dell's technology, enabling railcar inspections to occur 120 times faster, demonstrating efficiency improvements.

Dell Technologies has launched its APEX portfolio of as-a-Service offerings aimed at simplifying technology consumption for businesses. APEX services include Data Storage Services, Cloud Services, and Custom Solutions, allowing customers to manage their IT lifecycle from a single console. The company also announced a collaboration with Equinix to extend APEX services to colocation sites. This initiative is expected to enhance operational efficiency and flexibility for organizations, enabling them to scale IT resources rapidly according to their needs.

Francisco Partners and TPG Capital have entered a definitive agreement with Dell Technologies to acquire Boomi for $4 billion. This transaction, scheduled to close by late 2021, aims to fuel Boomi's growth and innovation after its exponential rise since being acquired by Dell in 2010. Boomi, a leader in cloud-based integration, serves over 15,000 customers globally. Dell intends to focus on modernizing core infrastructure, with this move aligning with its strategy to expand in high-priority areas such as hybrid cloud and digital transformation.