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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.
On November 2, 2020, Woolworths, Australia's largest retailer, selected Dell Technologies (NYSE: DELL) to enhance its cloud capabilities, integrating public and private clouds for better inventory management across nearly 3,000 stores. This partnership aims to improve operational efficiency and responsiveness to demand fluctuations amid challenges like COVID-19. The collaboration includes the launch of the Woolworths Group Hosting Service, which streamlines processes like supply chain and payroll management through Dell's hybrid cloud model, enabling 24/7 operations and better budget planning.
Dell Technologies announced Project APEX, enhancing its as-a-Service capabilities to simplify IT consumption for customers. The initiative integrates various services, offering a unified platform for managing cloud and IT resources seamlessly. The new Dell Technologies Cloud Console will empower businesses with real-time management of their cloud services, while Storage as-a-Service will be available on-premises, facilitating greater operational flexibility. This expansion includes pricing options starting at $47 per month, geographic expansions to Europe, and a commitment to sustainability in infrastructure management.
Dell Technologies reports significant advancements in PC and IT infrastructure innovation, focusing on remote work capabilities and hybrid cloud services. The company modernized its infrastructure with products like Dell EMC PowerStore and PowerScale, while expanding hybrid cloud options with Dell Technologies Cloud and ruggedized VxRail. Despite market challenges, Dell's as-a-Service revenue grew 30% year-over-year. The firm has invested over $18 billion in R&D over the last five years, emphasizing its commitment to innovation and resilience in the evolving digital landscape.
Dell Technologies (NYSE:DELL) announces its early Black Friday deals starting from October 15, running through December 7. With online shopping surging, Dell aims to provide convenience and savings to customers, offering discounts up to $400 on selected products. The company reported a 79% increase in its direct online business in Q2 2020. New interactive shopping features include 360-degree demos and augmented reality tools.
Dell Technologies announces an expanded UltraSharp portfolio aimed at enhancing productivity for hybrid work environments. The highlights include the world's first professional monitor featuring 2K mini LED technology, delivering precise colors and contrast. New monitors emphasize eye comfort with low blue light reduction technology and improved ergonomics. Notable products include the UltraSharp 32 HDR PremierColor Monitor priced at $4,999.99, and the UltraSharp 24 USB-C Hub Monitor at $449.99. Meeting Space Solutions for Microsoft Teams Rooms will be available from October 15, 2020.
Dell Technologies (NYSE: DELL) will hold an investor call focused on Dell Financial Services (DFS) on October 7, 2020, at 2:00 p.m. CT. Key executives, including DFS president Bill Wavro and CFO Colin Keaney, will discuss DFS strategy, its impact on Dell's overall business, and the financing receivables portfolio. The event will consist of a presentation followed by a Q&A session led by Amit Daryanani from Evercore ISI. A live webcast and replay will be accessible via Dell's Investor Relations page.
Dell Technologies has announced significant enhancements to its infrastructure portfolio, particularly for VMware environments. Key updates include support for VMware vSphere with Tanzu and the latest VMware Cloud Foundation, facilitating Kubernetes adoption. Innovations in Dell EMC PowerMax storage replication simplify management and enhance access to mission-critical applications. The introduction of Dell EMC ObjectScale provides cloud-scale storage for modern applications. Additionally, advancements in PowerProtect Data Manager offer new data protection capabilities, including support for Tanzu and backup without VM downtime.
Dell Technologies (NYSE: DELL) will feature Deepak Patil and Matt Baker in a virtual fireside chat at the Deutsche Bank 2020 Technology Conference on September 14, 2020, at 11:15 a.m. CT. The event will be accessible through a live webcast on Dell's Investor Relations page. Dell Technologies aims to provide innovative technology solutions for organizations and individuals in the data era, enhancing digital transformation.
Dell Technologies reported its fiscal Q2 2021 results, with revenue of $22.7 billion, down 3% year-over-year. However, operating income surged by 119% to $1.1 billion. Non-GAAP operating income was $2.6 billion, and net income also stood at $1.1 billion. The company's success in navigating the COVID-19 environment was evident through strong demand in sectors like government (up 16%) and education (up 24%). With a robust cash position of $12.3 billion and a $1.3 billion annual run-rate from as-a-service offerings, Dell aims to meet evolving customer needs.
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