Dell Technologies Stock Price, News & Analysis

Dell Technologies (NYSE: DELL) has announced a conference call on August 29, 2024, at 3:30 p.m. CDT to discuss its fiscal 2025 second quarter financial results. The call will be available as a live, audio-only webcast on Dell's investor relations website. Prior to the call, Dell will release its financial results via press release, along with prepared remarks and a presentation containing additional financial information. These materials will be accessible on the company's investor website. Dell Technologies positions itself as a leader in providing innovative technology and services for the AI era, helping organizations and individuals build their digital future.

Coretelligent, a leading IT solutions provider, has joined the Secureworks Global MSSP Partner Program to enhance its cybersecurity offerings. This partnership allows Coretelligent to leverage the AI-powered Secureworks Taegis XDR platform to provide advanced threat prevention, detection, and response services to its mid-market customers.

Key benefits of this collaboration include:

• Upgraded real-time threat detection with cloud-native XDR
• Advanced vulnerability management with risk-based prioritization
• 365 days of live data storage for better visibility
• AI-powered threat intelligence to reduce false positives
• Enhanced cloud and remote support for distributed workforces
• Over 100 automated response playbooks for swift incident containment

This partnership aims to address the growing cybersecurity skills gap and support organizations in strengthening their cyber defenses against an expanding attack surface and evolving threats.

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.

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.

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.

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.

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.

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.

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.