Dell Technologies revenue surges 21% to $28.4 bn in third quarter

Dell Technologies reported revenue of $28.4 billion (+21 percent), driven by growth in all business units, customer segments and geographies, as well as commercial PCs, servers and storage.
Dell Technologies at MWC 2017
Dell Technologies posted 19 percent increase in operating income to $1.3 billion and net income of $3.9 billion in the third quarter.

Client Solutions Group revenue rose 35 percent to $16.5 billion. Commercial revenue was a record $12.3 billion, up an unprecedented 40 percent, and consumer revenue was also a record $4.3 billion, up 21 percent.

Dell Technologies achieved highest PC share gain in Dell’s history for calendar third quarter, with shipments up 26.6 percent and global PC share up 3.0 points to 17.4 percent.

Dell Technologies announced new Latitude Rugged notebooks – including the industry’s smallest 5G-capable 13” fully-rugged laptop.

Dell Technologies released the redesigned Alienware Aurora gaming desktop.

Dell Technologies’ Infrastructure Solutions Group revenue rose 5 percent to $8.4 billion, as customers accelerate IT investments. Dell Technologies Storage revenue grew 1 percent to $3.9 billion. Dell Technologies Servers and networking revenue grew 9 percent to $4.5 billion.

Customer investments in IT infrastructure and digital transformation will continue to drive strong demand for compute and storage and create future growth opportunities for new innovations in multi-cloud, telecom and 5G.

Dell Technologies introduced updates to the network-attached storage (NAS) portfolio, including new Dell EMC PowerScale systems and software enhancements, all focused on providing customers with the flexible and secure consumption and management of unstructured data.

Dell Technologies launched the industry’s first end-to-end NVMe/TCP solution, featuring SmartFabric Storage Software, which provides the intelligence for automated storage connectivity at scale.

Dell Technologies announced edge innovations across the portfolio to help organizations simplify deployments and capture more value from data generated and processed outside the traditional data center and public cloud.

Dell Technologies introduced new telecom software, solutions and services to help communications service providers (CSPs) accelerate their open, cloud-native network deployments and create new revenue opportunities at the edge.

Dell Technologies announced APEX Cloud Services with VMware Cloud, which gives organizations the ability to move workloads across multiple cloud environments and scale resources with predictable pricing and transparent costs.

VMware revenue was $3.2 billion for the third quarter, up 10 percent driven by broad-based strength across a diverse product portfolio. Operating income for the quarter was $837 million, or 26.3 percent of VMware revenue.

Dell Technologies said it was expecting fourth-quarter revenue from continuing operations in the range of $27 billion to $28 billion.

Meanwhile, rival PC-maker HP reported a quarterly profit that more than quadrupled to $3.09 billion, and said its personal systems unit posted a 13 percent rise in revenue.

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