Dell Technologies reports 12% growth in revenue to $24.5 bn

Dell Technologies reported revenue of $24.5 billion (+12 percent), operating income of $1.4 billion (+96 percent) and net income of $938 million for its fiscal 2022 first quarter.
Dell Technologies at MWC 2017“There has been a substantial acceleration in digital transformation across the globe and you can see it in our results with record first quarter revenue of $24.5 billion. Customers are turning to Dell to help build their digital future,” said Jeff Clarke, chief operating officer and vice chairman, Dell Technologies.

Dell Technologies earlier announced offers for its APEX portfolio of as-a-Service offerings, and a new set of solutions and partnerships designed to extract more value from data at the edge, including smart manufacturing solutions.

Dell’s Client Solutions Group reported revenue of $13.3 billion, up 20 percent. Operating income was $1.1 billion, up 84 percent. Consumer revenue was $3.5 billion, up 42 percent, while commercial client revenue was $9.8 billion, up 14 percent.

Dell’s Consumer online business orders surged 58 percent, with XPS notebook orders up 21 percent and Alienware notebooks orders up 76 percent.

Dell achieved double-digit orders growth in Latitude, Precision systems, and Commercial Chromebooks.

Infrastructure Solutions Group revenue was $7.9 billion, up 5 percent as customers accelerate their IT investments with focus on hybrid cloud solutions.

Dell’s Servers and networking revenue was $4.1 billion, up 9 percent, and storage revenue was $3.8 billion. Operating income was $788 million for the first quarter, up 8 percent, or approximately 10 percent of Infrastructure Solutions Group revenue.

Dell announced the launch of Dell EMC PowerStore software advancements that improve workload performance by up to 25 percent, building on its novel container-based architecture and supporting the new PowerStore 500, a lower-cost model suitable for a broad range of businesses and use cases with enterprise performance and features.

Dell announced the launch of the next generation of Dell EMC PowerEdge servers, the most powerful and secure systems to date, embracing AI and addressing customer need to keep pace with IT demands in data centers and at the edge

Dell announced the launch of Dell EMC Streaming Data Platform advancements that offer powerful, real-time analytics at the edge and the Dell Technologies Manufacturing Edge Solution enabling critical applications in smart manufacturing

Dell said VMware revenue was $3 billion for the first quarter, up 9 percent driven by broad-based strength across a diverse product portfolio. Operating income was $841 million, or 28.1 percent of VMware revenue.