Dell Technologies targets $92 bn revenue this fiscal

Dell Technologies today said it is expecting to achieve annual non-GAP revenue of $90.5-$92 billion with operating income of $8.4-$8.8 billion and net income of $4.9-$5.3 billion during fiscal year of 2019.
Dell Technologies Q2 fiscal 2018-19
Dell Technologies posted revenue of $22.9 billion (+18 percent) and operating loss of $13 million in its second quarter fiscal 2019.

Dell Technologies has generated revenue of $9.2 billion (+24 percent) from Infrastructure Solutions Group, $11.1 billion (+13 percent) from Client Solutions Group and $2.2 billion (+11 percent) from VMware.

“As our results indicate, Dell Technologies is perfectly positioned to grow, gain share, drive innovation and be our customers’ best, most trusted partner on the journey to their digital future,” said Michael Dell, chairman and CEO, Dell Technologies.

Dell Technologies’ Infrastructure Solutions Group’s $9.2 billion revenue was driven by $4.2 billion (+13 percent) revenue from storage and $5.1 billion (+34 percent) from servers and networking.

Dell Technologies Client Solutions Group’s $11.1 billion revenue was driven by $8.1 billion (+13 percent) from Commercial and $3 billion (+14 percent) from Consumer business.

Dell Technologies revenue from other businesses, including Pivotal, Secureworks, RSA Security, Virtustream and Boomi rose 6 percent to $574 million.

Storage revenue of $4.2 billion was up 13 percent, its second quarter of double-digit revenue growth.

Servers and Networking revenue was up 34 percent to $5.1 billion on strong demand for PowerEdge servers coupled with expansion of its server ASPs as customers look for higher compute requirements and more richly configured servers.

Dell EMC continued its commitment to investment and innovation in its midrange storage solutions, announcing major software operating system updates to Dell EMC Unity and SC Series storage arrays.

Commercial revenue was $8.1 billion, up 13 percent due to growth in commercial notebooks and workstations.

Consumer revenue of $3 billion was up 14 percent, as Dell achieved double-digit revenue growth across all of our consumer notebooks and desktops.

Dell announced the world’s most powerful 1U rack workstation and new tower workstations designed for companies of all sizes and budgets to access powerful, affordable, compact workstations.

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