Dell Technologies annual revenue grows 15% to $90.6 bn

Dell Technologies has reported revenue of $23.8 billion (+9 percent) with operating income of $331 million in Q4 and $90.6 billion (+15 percent) with operating loss of $191 million in 2018.
Dell Technologies and IoT
Dell generated revenue of $36.7 billion (+19 percent) from Infrastructure Solutions Group with operating income of $4.2 billion (+35 percent) last year.

Dell generated revenue of $43.2 billion (+10 percent) from Client Solutions Group with operating income of $2 billion for the year.

Dell said its VMware revenue was $9.1 billion (+14 percent) with operating income of $3 billion.

Revenue from other businesses, including Pivotal, Secureworks, RSA Security, Virtustream and Boomi, was $2.3 billion (+6 percent).

Dell’s servers and networking revenue reached $20 billion (+28 percent).
Dell’s storage revenue was $16.7 billion (+9 percent).

Dell’s x86 server share increased 1.4 percent through the third quarter of calendar year 2018.

Dell gained storage share for three straight quarters in calendar year 2018.

Commercial revenue from PC business grew 9 percent to $7.8 billion.

Consumer revenue from PC business fell 6 percent to $3.1 billion.

Dell achieved double-digit revenue growth in commercial notebooks and workstations, as well as high-end consumer notebooks and displays.

Dell achieved 20 percent share position in displays, gaining unit share year-over-year for the 23rd consecutive quarter.

Dell expects 2020 revenue of $93-$96 billion.

“I don’t think full-year 2020 will be quite as strong from a year-over-year revenue growth perspective, but I do think that we will continue to improve profitability over the course of the year,” Dell Chief Financial Officer Tom Sweet said.

Rajani Baburajan

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