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. reports developments across enterprise information technology, including commercial personal computers, workstations, data-center hardware, storage systems and services for AI workloads. Company news commonly covers portfolio updates such as Dell Pro notebooks, Dell Pro Precision workstations, Dell Pro Max systems, monitors and client peripherals, as well as AI infrastructure offerings built around the Dell AI Factory with NVIDIA, the Dell AI Data Platform and Dell Data Lakehouse architecture.
Recurring updates also address partnerships and integrations with technology vendors, cybersecurity and cyber-resilience capabilities, storage platforms including ECS, ObjectScale and PowerScale, and management presentations on financial strategy. Corporate governance items may include proxy-related matters and incorporation-governance proposals tied to the company's public-company structure.
Dell Technologies plans to spin off its 81% equity stake in VMware, creating two independent public companies. This strategic move is aimed at enhancing growth opportunities and unlocking value for stakeholders. VMware will provide a special cash dividend of $11.5 - $12 billion to its shareholders, with Dell set to receive approximately $9.3 - $9.7 billion. The spin-off, expected to close in Q4 2021, will also maintain a commercial agreement to continue collaborative development. Michael Dell will remain as CEO of Dell Technologies post-spin-off.
Dell Technologies (NYSE: DELL) has announced an investor call scheduled for April 13, 2021, at 2:00 p.m. CT. Sam Burd, president of the Client Solutions Group (CSG), will discuss the CSG strategy, its significance to Dell's overall business, and the 'Do from Anywhere' opportunity. The session will include a presentation followed by a Q&A led by Katy Huberty of Morgan Stanley. Investors can access the live webcast and replay via Dell Technologies' Investor Relations page.
Dell Technologies has launched 17 next-generation Dell EMC PowerEdge servers, enhancing performance and AI capabilities for data-intensive workloads. The new PowerEdge XE8545 and R750xa servers improve energy efficiency by up to 60% and offer cyber-resilient innovations for enhanced security. The servers utilize advanced technologies from AMD and Intel, providing significant performance boosts in data processing. Availability of the servers is set for March and May 2021, with as-a-Service options available for flexible consumption.
Dell Technologies has launched the Dell Hybrid Client, a pioneering client computing software featuring hybrid cloud management. This software allows seamless access to work applications and data, whether from public or private clouds or directly on devices. Available from March 26 at $60.00 per year per device, it aims to enhance productivity while ensuring data protection for businesses. The solution offers features such as endpoint security and optimized productivity tools, promoting flexible work environments and simplifying IT management.
Dell Technologies reported record fiscal 2021 results, with total revenue at $94.2 billion, a 2% increase year-over-year. The company achieved a record operating income of $5.1 billion, a significant 96% rise from the previous year, and non-GAAP operating income of $10.8 billion, up 6%. Fourth quarter revenue reached $26.1 billion, a 9% increase, while net income for the quarter was $1.3 billion. The company generated record cash flow from operations of $11.4 billion.
Dell Technologies (NYSE: DELL) will have Jeff Clarke, vice chairman and COO, as a keynote speaker at the 2021 Morgan Stanley Technology, Media and Telecom Conference. This virtual event will take place on March 3, 2021, at 7:45 a.m. CT / 8:45 a.m. ET. A live webcast and replay will be accessible on the Dell Technologies Investor Relations page. The company aims to help organizations and individuals shape their digital future with its innovative technology and services portfolio.
Dell Technologies (NYSE: DELL) will host a conference call on February 25, 2021, at 4:30 p.m. CST to discuss its fiscal 2021 fourth quarter and full year financial results. The call will be available as a live audio webcast on Dell's investor website, with an archived version post-event. A press release with detailed financial statements will precede the call. Dell Technologies aims to assist organizations in building their digital future, offering a comprehensive range of technology and services for the data era.
Dell Technologies has enhanced the University of Pisa’s infrastructure with its Dell EMC PowerStore, achieving a 6x performance improvement for scientific computing. The university upgraded to Dell EMC PowerMax, realizing 5x faster data processing and 80% better performance for critical applications. These advancements support over 53,000 students and faculty with reliable access to data during remote learning. Additionally, Dell's solutions aid in COVID-19 research and expand storage capabilities, anticipating a doubling of unstructured data within a year.
Dell Technologies, SK Telecom, and VMware announced a collaboration to develop OneBox MEC, an integrated multi-access edge computing solution. This platform aims to enhance private mobility and edge computing for industries like healthcare and retail, addressing latency and reliability issues. The OneBox MEC will utilize Dell EMC PowerEdge XE2420 servers, delivering secure, efficient performance for enterprises. Through this partnership, companies can launch new services quickly, leveraging 5G and edge capabilities to transform their operations.
Dell Technologies (NYSE: DELL) will have Sam Burd, President of the Client Solutions Group, speak at the J.P. Morgan 19th Annual Tech/Auto Forum during CES 2021. The virtual event is scheduled for January 12, 2021, at 1:50 p.m. CT. A live webcast will be available along with a replay on Dell's Investor Relations page. Dell Technologies is committed to enabling organizations and individuals to build their digital future with an extensive technology and services portfolio. For more details, visit investors.delltechnologies.com.