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Dell Technologies Inc. - DELL STOCK NEWS

Welcome to our dedicated page for Dell Technologies news (Ticker: DELL), a resource for investors and traders seeking the latest updates and insights on Dell Technologies stock.

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.

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Dell Technologies (NYSE: DELL) has announced an upcoming investor conference call on July 31, 2024, at 3 p.m. CT / 4 p.m. ET. The call will focus on discussing the company's corporate sustainability strategy.

Key speakers for the event include:

  • Cassandra Garber, VP of Corporate Sustainability and ESG
  • Alyson Freeman, Customer Innovation Lead for Corporate Sustainability and ESG
  • Hall Butler, Senior Director of Investor Relations

Investors and interested parties can access the live webcast and a subsequent replay on Dell Technologies' Investor Relations page at investors.delltechnologies.com. This call represents an opportunity for stakeholders to gain insights into Dell's sustainability initiatives and their potential impact on the company's future.

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Dell Technologies (NYSE: DELL) has announced a quarterly cash dividend of $0.445 per common share, payable on August 2 to shareholders of record as of July 23. This follows a 20% increase in the annual cash dividend to $1.78 per common share, approved by the board in February.

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A recent SHI International and Dell Technologies survey reveals only 13.2% of research institutions are prepared for AI implementation. While 50% have a defined AI strategy, significant gaps exist in infrastructure, training, and data policies. Key use cases include chatbots (36.8%) and research tools (35.3%). Major barriers are competing priorities (36.8%), inadequate funding (36.8%), and lack of strategy (30.9%). Although 70% of institutions are using or plan to use AI within 12 months, only 16% have AI-ready infrastructure and 29.4% have insufficient data security measures.

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Dell Technologies reported a revenue of $22.2 billion for Q1 fiscal 2025, indicating a 6% year-over-year increase. The Infrastructure Solutions Group (ISG) saw significant growth with revenue up 22% to $9.2 billion, driven by a 42% rise in servers and networking revenue. The Client Solutions Group (CSG) reported flat revenue at $12 billion, with commercial client revenue up 3% to $10.2 billion, but a 15% drop in consumer revenue to $1.8 billion.

Diluted earnings per share (EPS) increased by 67% to $1.32, while non-GAAP diluted EPS decreased by 3% to $1.27. Operating income dropped 14% to $920 million, and non-GAAP operating income fell 8% to $1.5 billion. Cash flow from operations was $1 billion, and Dell returned $1.1 billion to shareholders through share buybacks and dividends.

Dell highlighted strong performance in AI and infrastructure solutions, including advancements in AI-optimized servers and new AI PCs. The company ended the quarter with $7.3 billion in cash and investments.

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Dell Technologies and Ericsson have established a strategic partnership to accelerate the transformation of telecom network clouds. The collaboration aims to develop tailored network cloud infrastructure plans and provide integrated support to communications service providers (CSPs).

Key initiatives include the commercial introduction of Ericsson Cloud RAN software on Dell PowerEdge servers, which promises continuous testing and lifecycle management. The partnership also seeks to address CSPs' concerns about network transformation, as highlighted by a recent MeriTalk study.

This study found that 96% of CSPs feel their network transformation efforts are lagging due to time, budget, reliability, and security issues. The partnership aims to mitigate these challenges with simple, reliable, and energy-efficient Open RAN solutions.

The joint efforts will focus on co-developing services to simplify the deployment process and support any integrated solution comprehensively. The collaboration builds on previous efforts to leverage Ericsson's Cloud RAN software and Dell's infrastructure to drive business growth and network innovation.

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New research from MeriTalk, funded by Dell Technologies, highlights the critical need for network transformation among communications service providers (CSPs). According to the study, 90% of CSPs believe that network transformation is vital for survival, aiming for improved customer experiences, stronger cybersecurity, and competitive differentiation through AI integration. However, 96% of CSPs admit their network transformation efforts are lagging due to time, performance, and security concerns. Despite recognizing the necessity of open network architecture, only 22% have a strategy in place. The study, based on insights from 450 executives across North America, Europe, and Asia-Pacific, also reveals that 83% of CSPs see IoT monetization as crucial, yet 55% feel the industry is not adapting swiftly enough. Dell is committed to partnering with CSPs to develop strategies and solutions for effective network transformation.

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Dell Technologies (NYSE: DELL) will hold a conference call on May 30, 2024, at 3:30 p.m. CDT to discuss its Q1 fiscal 2025 financial results. The call will be available as a live audio webcast on Dell's investor relations website, with an archived version accessible post-broadcast. The company plans to release its financial results via a press release, which will include prepared remarks and additional financial information prior to the call. Dell Technologies is known for its extensive and innovative tech and services portfolio, aiding digital transformations for organizations and individuals.

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Dell Technologies announces a new range of AI PCs under its Copilot+ series, powered by Snapdragon X Elite and Snapdragon X Plus processors. These devices promise groundbreaking battery life, up to 45 trillion operations per second on the neural processing unit, and local AI processing capabilities, which enhance security and functionality without relying on the internet or cloud services.

The lineup includes five models: XPS 13, Inspiron 14 Plus, Inspiron 14, Latitude 7455, and Latitude 5455, designed for both consumers and business professionals. Key features include multi-day battery life, advanced security, and high performance aimed at boosting productivity and creativity.

Notable features include on-device Copilot for instant results, enhanced video and audio experiences, and new AI tools like Recall, Cocreator, Live Captions, and Auto Super Resolution. The products will be available for preorder with prices starting at $1,099 for the Inspiron 14 Plus and $1,299 for the XPS 13.

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Dell Technologies announced the expansion of its Dell AI Factory in collaboration with NVIDIA. The new Dell PowerEdge XE9680L server features direct liquid cooling and eight NVIDIA Blackwell Tensor Core GPUs for high performance in a compact form. Dell claims this server offers 33% more GPU density per node and 20% more PCIe Gen. 5 slots. The new Dell NativeEdge platform automates delivery of NVIDIA AI Enterprise software, aiming to ease AI application deployment. Additionally, Dell Generative AI Solution for Digital Assistants promises faster deployment of digital assistants. These advancements are designed to lower costs and reduce deployment times by up to 86% for AI environments. Availability for various products and services is set for the second half of 2024.

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Dell Technologies announced significant advancements for Dell PowerStore, including up to a 30% software-driven performance boost and 66% hardware performance improvement.

PowerStore now offers the industry's most flexible QLC storage and a new 5:1 data reduction guarantee.

The updates also enhance multicloud data mobility and efficiency, with AI-driven capabilities from Dell APEX AIOps improving infrastructure availability.

PowerStore Prime combines these advancements with new support programs for customers and partners, aiming to bolster IT investment protection and increase partner profitability.

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FAQ

What is Dell Technologies' core business?

Dell Technologies primarily supplies high-performance personal computers, enterprise on-premises data center hardware, and advanced data protection systems.

How did Dell Technologies perform financially in the fiscal 2024 fourth quarter?

Dell Technologies reported $22.3 billion in revenue, with notable growth in AI-optimized servers and strong cash flow from operations.

What are some recent achievements of Dell Technologies?

Recent achievements include partnerships with Subaru for AI-driven driver safety enhancements and Northwestern Medicine for advanced healthcare solutions.

How does Dell Technologies contribute to environmental sustainability?

Dell Technologies focuses on reducing carbon footprints and enhancing data protection, while supporting innovative solutions across various industries.

What strategic partnerships has Dell Technologies recently formed?

Recent partnerships include collaborations with Subaru, Northwestern Medicine, Hyundai AutoEver, and Intel to advance technologies in AI, healthcare, and manufacturing.

What is Dell PowerScale?

Dell PowerScale is a high-performance storage solution that integrates, analyzes, and utilizes vast amounts of data, supporting AI modeling and validation.

How does Dell Technologies support AI and machine learning?

Dell Technologies offers Dell NativeEdge Blueprints and collaborates with leading partners to manage and optimize AI and machine learning applications at the edge.

What are Dell Technologies' main markets?

Dell Technologies holds top-three positions in personal computers, peripheral displays, mainstream servers, and external storage markets.

How is Dell Technologies advancing driver safety?

Through a partnership with Subaru, Dell Technologies enhances driver safety using AI and Dell PowerScale systems to improve EyeSight Driver Assist Technology.

What ESG efforts is Dell Technologies involved in?

Dell Technologies focuses on driving positive impacts for people and the planet, enhancing sustainability practices, and supporting environmental, social, and governance initiatives.

Dell Technologies Inc.

NYSE:DELL

DELL Rankings

DELL Stock Data

89.50B
312.69M
11.87%
68.77%
1.66%
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