Dell Technologies Stock Price, News & Analysis

Dell has launched the Precision 7865 Tower, powered by AMD Ryzen Threadripper PRO 5000 WX-Series processors. This new workstation is designed for high-performance applications, offering up to 64 CPU cores, 56TB storage, and various graphics options. The system's innovative design promotes thermal efficiency and acoustic performance while making upgrades easy. Enhancements include AI-driven software for improved productivity and security features that protect sensitive data. The Precision 7865 Tower showcases Dell's commitment to enabling complex workflows for professionals in various fields.

VMware (NYSE: VMW) has introduced valuable enhancements to its Workspace ONE platform aimed at improving mobile device security and streamlining Windows OS update management. The new Workspace ONE Mobile Threat Defense provides advanced mobile security, addressing risks from applications, web content, and device vulnerabilities. Additionally, new update management features automate patching for Windows OS, allowing IT to manage updates efficiently from the cloud. These innovations are designed to support hybrid workforces by enhancing security and simplifying IT operations.

VMware has announced the launch of Contexa, a comprehensive threat intelligence capability designed to enhance security across modern and traditional applications in multi-cloud environments. This technology processes over 1.5 trillion endpoint events and 10 billion network flows daily, uncovering 2.2 billion suspicious behaviors each day. Integrated into existing VMware security products at no additional cost, Contexa aims to strengthen defenses against sophisticated cyber threats and enhance visibility into application interactions.

Dell Technologies (NYSE: DELL) announces that Yvonne McGill, the Corporate Controller and CFO of the Infrastructure Solutions Group, will participate in a fireside chat at the Bank of America 2022 Global Technology Conference. The event is set to take place on June 7, 2022, at 3:05 p.m. PT / 6:05 p.m. ET in San Francisco, CA. A live webcast and replay will be accessible via Dell's Investor Relations page. Dell Technologies focuses on building digital futures with a wide range of innovative technology services.

Dell Technologies reported a record first quarter fiscal 2023 revenue of $26.1 billion, up 16% year-over-year, with growth across Infrastructure Solutions Group and Client Solutions Group. Operating income rose 57% to $1.6 billion, and diluted earnings per share increased 63% to $1.37. The company also achieved non-GAAP diluted EPS of $1.84, a 36% increase. Additionally, Dell reported recurring revenue of approximately $5.3 billion, up 15%.

VMware reports Q1 fiscal 2023 revenue of $3.09 billion, up 3% year-over-year, with subscription and SaaS revenue reaching $899 million, a 21% increase. The company has entered into a definitive agreement to be acquired by Broadcom for approximately $61 billion. GAAP net income stands at $242 million, down 43% per diluted share from the prior year. VMware has canceled its Q2 2023 conference call and suspended full-year guidance due to the pending acquisition. Operating cash flow was $1.01 billion with a strong RPO of $11.56 billion, reflecting a 5% year-over-year growth.

T-Mobile and Dell Technologies have partnered to deliver 5G Private Mobile Networks, aiming to enhance enterprise and government operations. The collaboration combines T-Mobile's 5G connectivity with Dell's edge computing technologies, offering superfast speeds and ultra-low latency. T-Mobile's network will be fully managed, allowing clients to focus on new applications that drive revenue and cost savings. This initiative responds to growing demand for simple, effective private network solutions.

VMware, Inc. (NYSE: VMW), renowned for its innovation in enterprise software, is set to announce its fiscal year 2023 first quarter financial results on May 26, 2022, post-market. The company will conduct a conference call at 1:30 p.m. PT for a financial review and business outlook, with a live webcast available on its Investor Relations website. VMware focuses on multi-cloud services and aims to enhance digital innovation while ensuring enterprise control, supporting their commitment to a sustainable future through their 2030 Agenda.

Dell Technologies (NYSE: DELL) will hold a conference call on May 26, 2022, at 4:30 p.m. CDT to discuss its fiscal 2023 first quarter financial results. The results will be released ahead of the call, accompanied by detailed financial statements. Interested parties can access the live audio webcast on Dell's investor relations website, where an archived version will also be available afterward. This event is part of Dell's ongoing commitment to transparency and communication with its stakeholders.