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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 introduced a new range of PCs, monitors, and software aimed at enhancing workplace efficiency and collaboration. Key highlights include 5G-capable devices, the integration of bioplastics from tree waste, and advanced security features. The introduction of Dell Optimizer software enhances performance and connectivity, while new Latitude and OptiPlex products are designed for modern work environments. The pricing starts from $1,049 for some models and aims to support sustainability goals as outlined in Dell's Progress Made Real plan.
Dell Technologies (NYSE: DELL) will present at several virtual investor conferences the week of December 7, 2020. Key speakers include Matt Baker, Yvonne McGill, and Dennis Hoffman. The schedule includes:
- UBS Global TMT Conference, December 7 at 11:05 a.m. CT
- Raymond James Technology Investors Conference, December 8 at 2:20 p.m. CT
- Barclays Global TMT Conference, December 9 at 2:30 p.m. CT
Webcasts of the presentations will be available on Dell's Investor Relations page for six months.
Dell Technologies (NYSE: DELL) announced that CFO Tom Sweet and COO Jeff Clarke will present at two virtual conferences in early December 2020. Tom Sweet will speak at the Wells Fargo TMT Summit on December 1, 2020, at 11:00 a.m. CT. Jeff Clarke will present at the Credit Suisse 24th Annual Technology Conference on December 3, 2020, at 2:00 p.m. CT. Live audio webcasts will be available on Dell's Investor Relations page, with replays accessible for six months.
Dell Technologies reported a 3% increase in total revenue for Q3 FY2021, reaching $23.5 billion. The Client Solutions Group saw a record revenue of $12.3 billion, growing 8%, with operating income at $1.0 billion. Diluted earnings per share surged 64% to $1.08, while non-GAAP EPS rose 16% to $2.03. Operating income increased 35% to $1.1 billion. The company ended the quarter with $13 billion in cash and investments and $4.6 billion debt repayment, indicating strong financial health.
Dell Technologies has expanded its PowerProtect portfolio, introducing the new Dell EMC PowerProtect DP series appliances that enhance data protection efficiency with up to 30% more logical capacity, 38% faster backups, and 45% quicker restores. The PowerProtect Cyber Recovery is the first endorsed data vaulting solution by Sheltered Harbor, aimed at improving cyber resilience in the financial sector. Additionally, updates to the PowerProtect Data Manager enhance cloud and Kubernetes data protection capabilities, allowing flexible deployment across various environments, thus addressing evolving data management challenges.
Dell Technologies (NYSE: DELL) will host a conference call on November 24, 2020, at 4:30 p.m. CST to discuss its third-quarter financial results for fiscal 2021. The audio-only webcast will be accessible on Dell's investor relations website, with an archived version available later. Prior to the call, the company will release its financial results and provide a presentation with detailed operational insights. This event is crucial for stakeholders to understand Dell's financial performance and strategic direction amidst the evolving tech landscape.
Dell Technologies has announced new Dell EMC Ready Solutions targeting high-performance computing (HPC) to enhance AI and computing innovations across healthcare, life sciences, and manufacturing sectors. Key highlights include:
- The Dell EMC Ready Solution for HPC Genomics dramatically reduces genome sequencing time from two weeks to under eight hours for the Translational Genomics Research Institute.
- New integrations for digital manufacturing streamline the design process.
- Collaborations for HPC and AI as-a-Service expand global access to high-performance resources.
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.
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