Dell Technologies Stock Price, News & Analysis

Dell Technologies is enhancing its partnership with Red Hat to simplify on-premises management of containerized infrastructures in multicloud environments. Key offerings include Dell APEX Containers for Red Hat OpenShift, which provides a managed Container-as-a-Service solution, and the Dell Validated Platform for streamlining container orchestration. Additionally, the companies are co-engineering a hybrid cloud solution for consistent management across various IT locations, integrating infrastructure technologies with IBM's AIOps for enhanced application performance. Planned availability for these offerings starts in early 2023.

VMware (NYSE: VMW) has been ranked No. 1 in the worldwide IT automation and configuration management software market by IDC for the fifth consecutive year. This ranking underscores VMware's commitment to enhancing its multi-cloud automation solutions, ensuring optimal performance for applications and infrastructure in dynamic environments. The ITACM market grew to $9.1 billion in 2021, reflecting an 11.9% increase from the previous year. VMware's continued investment in its management portfolio and SaaS solutions has been positively received by customers.

Dell Technologies has retracted its previous announcement regarding a partnership with Deep North, initially issued on September 13, 2022. The company urges journalists and readers to disregard the earlier news release, suggesting a reconsideration of the partnership's implications or status.

Dell Technologies has partnered with Deep North to enhance retail analytics using AI-driven video technologies. Their collaboration aims to transform traditional retail environments by providing actionable insights from existing video cameras, addressing issues like foot traffic inaccuracies and stock management. This integration of Dell's edge computing and Deep North's AI capabilities will optimize customer experience in brick-and-mortar stores. The partnership will be showcased at Groceryshop 2022 in Las Vegas from September 19-22.

VMware has reached a settlement with the U.S. Securities and Exchange Commission to resolve an investigation regarding backlog disclosures from fiscal years 2019 and 2020. The company will pay a civil penalty of $8 million without admitting or denying any findings. Notably, the SEC found no violations of generally accepted accounting principles. Additionally, the SEC does not plan any enforcement action against current or former VMware management. VMware emphasizes its commitment to integrity in public communications.

Salesforce has signed a multi-year agreement with Dell Technologies, expanding its use of Dell infrastructure across over 60 data centers worldwide. This collaboration aims to enhance Salesforce's growth, targeting approximately $31 billion in revenue for FY23, up from $26.5 billion in FY22. The deal includes deploying over 1,500 Dell storage systems, improving performance by 25-50% for critical databases. Additionally, Dell Latitude laptops will be provided to Salesforce employees, featuring advanced security and AI capabilities to support a hybrid work environment.

Dell Technologies (NYSE: DELL) has declared a quarterly cash dividend of $0.33 per common share, payable on October 28 to shareholders on record as of October 19. This decision follows the company's recently established dividend policy approved in February. Dell began issuing quarterly dividends in April, marking a significant step in its shareholder return strategy.

Dell Technologies (NYSE: DELL) has announced that CEO Michael Dell and COO Chuck Whitten will present at two upcoming conferences in September 2022. Michael Dell will speak at Citi's 2022 Global Technology Conference in New York on September 7 at 9:30 a.m. CT, while Chuck Whitten will present at the Goldman Sachs Communacopia + Technology Conference in San Francisco on September 12 at 5:45 p.m. CT. Live webcasts of both events will be available on Dell's Investor Relations page.

VMware (NYSE: VMW) announced advancements to its Tanzu portfolio during VMware Explore 2022, aimed at enhancing Kubernetes developer experience and operational management. Key enhancements include improvements in Tanzu Application Platform and Tanzu for Kubernetes Operations designed to boost developer productivity, ensure end-to-end security, and facilitate multi-cloud operations. Notably, VMware's State of Kubernetes report indicates that 65% of organizations already run Kubernetes in production, with a significant expected expansion in the coming year.