When that is resolved, hopefully over the next two quarters, then Dell’s storage revenues should bounce higher.ĭell instituted quarterly dividend payments of $0.33 per share and the the company has also gained an investment grade rating. So it was the supply chain issues that limited Dell’s ability to ship its storage hardware.
DELL EMC GROWTH SOFTWARE
Encouragingly, 26 per cent of PowerStore buyers are new to Dell storage and 29 per cent were repeat buyers, important leading indicators of future growth.”īut he added: “Storage revenue was roughly flat Y/Y due to the aforementioned backlog build and storage software and services content that gets deferred and amortized over time.” Within midrange, PowerStore demand continued to ramp in Q4, up +34 per cent sequentially and now approximately 50 per cent of our midrange SAN mix. “We saw double-digit demand growth in the high-end driven by select enterprise customers, 25 per cent demand growth for our unstructured storage solutions and 8 per cent growth for HCI despite a tough Y/Y comparison. ISG did not do so well: revenues were $9.2bn, a relatively anaemic rise of 3 per cent but its fourth consecutive quarter of year-on-year growth.įlatlining storage is only too evident hereĬo-COO Chuck Whitten said storage order growth was great. PCs and laptops must have been flying off the warehouse shelves. CSG revenues in Q4 were $17.33bn, a rise of 26 per cent. A look at ISG and CSGĭell has two overarching business units: the Client Solutions Group (CSG) – PCs basically – and the Infrastructure Solutions Group (ISG), which sells servers, networking, and storage. Other suppliers such as Quantum and NetApp are also suffering supply chain woes, although NetApp just recorded its seventh growth quarter in a row. “We are awaiting information from the recent NAND contamination announcement from Kioxa/WD to evaluate the impact on Dell,” said Clark. The Kioxia/WD chemical contamination incident could make things worse. We expect our ISG backlog to remain elevated through at least the first half of the year as part shortages continue.”
DELL EMC GROWTH PC
freight costs have continued to rise… we expect PC backlog to grow in Q1… Our higher margin ISG backlog increased again in Q4 to a record level due to a combination of very strong demand and a lack of component availability.
We are still experiencing shortages of integrated circuits across a wide range of devices, including network controllers and microcontrollers…. Supply chainĬlarke said in prepared remarks: “The global supply chain shortage of semiconductors and global logistics challenges for goods and components continues to impact just about every industry.
See the net income number in the bottom row of the table.Ī look at Dell’s Q4 financial tables suggests this was due to VMware dividends and debt repayments. We generated cash flow of $10.3 billion, achieved investment grade rating, and spun-off VMware.” We reached more than $100 billion in revenue and grew 17 per cent – a huge achievement and ahead of our long-term growth targets.”ĬFO Tom Sweet added: “We achieved a number of milestones that unleashed shareholder value. Jeff Clarke, vice chairman and co-COO at Dell Technologies, said in a statement: “Fiscal 2022 was the best year in Dell Technologies history.
Profit was $5.71bn, up 62.8 per cent year-on-year, and it could have been even higher, as we shall see by looking at the fourth-quarter numbers. The Texan-headquartered tech giant grew revenues to $101.2bn for the year ended 28 January, a 17 per cent year-on-year rise driven by record PC shipments and some growth across the infrastructure division.
DELL EMC GROWTH FULL
Dell’s full fiscal 2022 results include pockets of storage glory but PCs sales led the charge with servers following behind as the US business battled supply chain problems that restricted order fulfilment.
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