Dell: Fiscal 1Q18 Financial Results

Storage revenue of Dell

(in $ million)	1Q17	4Q17	1Q18
Revenue	538	4,783	3,685
*Growth*			585% Y/Y -33% Q/Q

(only 4Q17 and 1Q18 included full quarter of EMC/VMware)

Dell Technologies announces its fiscal 2018 first quarter results ended May 5, 2017.

Infrastructure Solutions Group (ISG) generated $6.9 billion of revenue in the quarter (38% of global revenue), which includes $3.2 billion in servers and networking and $3.7 billion in storage (53% of ISG), with an operating income of $323 million.

As expected the company was successful in all-flash, hyperconverged systems and softare-defined storage, the most growing businesses in the worldwide storage industry but with softness in traditional hybrid storage arrays and other products. Demand for hyperconverged portfolio grew at a triple-digit rate, while demand for all-flash solutions grew at high double-digit rate.

Dell increased demand for Virtustream public cloud for mission-critical applications by approximately 100%.

To read the earnings call transcript