Dell Technologies Stock Price, News & Analysis

Dell Technologies introduces Omnia, an open-source software that enhances the deployment of AI and compute-intensive workloads. The new HPC on demand services offer pay-as-you-go resources for hybrid clouds using VMware infrastructure. Additionally, Dell EMC PowerEdge servers now support NVIDIA A30 and A10 GPUs for advanced computing tasks. These solutions aim to simplify resource management and accelerate data-intensive workloads across industries.

DISH Network has partnered with Dell Technologies to establish a cloud-native, open RAN-based 5G network in the United States. This strategic collaboration aims to deliver an edge compute infrastructure and promote innovation for various sectors including healthcare and education. With Dell's APEX, DISH gains flexibility in acquiring technology. The partnership will focus on co-developing technologies for Open RAN, machine learning capabilities, and customized 5G solutions. This infrastructure is designed to enhance operational efficiency and meet the growing demands of edge computing.

Dell Technologies (NYSE: DELL) appointed Chuck Whitten as co-chief operating officer (co-COO), effective August 16, 2021. This strategic move comes after a record fiscal year and reflects the company's ambition for growth in digital and data-driven markets. Whitten, formerly with Bain & Company, has deep ties with Dell leadership and has been instrumental in shaping its strategy. His role aims to enhance leadership capacity and accelerate decision-making, particularly in high-priority areas like cloud and telecom.

Dell Technologies has launched a cloud-native infrastructure solution, Project Metalweaver, aimed at supporting communications service providers (CSPs) in deploying scalable, open networks. This initiative includes new reference architectures for telecom edge, core, and Open RAN environments, enhancing CSPs' capabilities to capture edge revenue. The Open Telecom Ecosystem Lab will facilitate innovation and testing for 5G technologies, further solidifying Dell's role in digital transformation within the telecom sector. IDC predicts a surge in edge technology adoption, driving CSP business transformation.

Dell Technologies announced enhancements to its VxRail hyperconverged infrastructure (HCI) systems, integrating new PowerEdge servers for improved performance and greater capacity. The update introduces dynamic nodes supporting VMware HCI Mesh, allowing independent scaling of storage and compute. VxRail systems now feature automated self-installation tools and improved software for easier deployment. Customers can expect a 452% five-year ROI and enhanced operational flexibility with new system configurations, including support for AI workloads.

Dell Technologies (NYSE: DELL) has announced participation in two upcoming virtual investor conferences. Michael Dell, chairman and CEO, will present at the Bernstein Strategic Decisions Conference on June 2, 2021, at 1:40 p.m. CT. Yvonne McGill, CFO of Infrastructure Solutions Group, will present at the Evercore ISI Inaugural TMT Conference on June 7, 2021, at 3:15 p.m. CT. Interested parties can access a live webcast and replay on the Investor Relations page.

Dell Technologies announced record financial results for Q1 fiscal 2022, achieving $24.5 billion in revenue, a 12% increase year-over-year. Operating income rose 96% to $1.4 billion and diluted EPS surged 495% to $1.13. Non-GAAP net income reached $1.8 billion, up 59%. The company reported remaining performance obligations of $42 billion and cash reserves of $15.9 billion.

Strength across Infrastructure Solutions, Client Solutions, and VMware contributed to this growth, with a focus on enhancing digital transformation initiatives.

Dell Technologies (NYSE: DELL) will hold a conference call on May 27, 2021, at 4:30 p.m. CDT to discuss its fiscal 2022 first quarter financial results. The call will be accessible to the public through a live audio-only webcast, which can be found on Dell Technologies' investor relations site. The company plans to release its financial results prior to the call, accompanied by detailed financial statements and other materials for download.

Dell Technologies and Equinix have announced an expanded collaboration to enhance access to Dell Technologies APEX via Equinix data centers. This partnership allows organizations to adopt hybrid or multi-cloud strategies, providing a simplified IT experience with a single invoice and scalable storage solutions. Customers can manage their APEX services through the APEX Console and benefit from a secure, on-demand hybrid cloud solution. With over 220 Equinix data centers globally, this collaboration aims to meet rising data storage needs efficiently.