Dell: Fiscal 4Q11 Financial Results
Storage grew 6% sequentially and declined 4% Y/Y.
By Jean Jacques Maleval | February 16, 2011 at 3:05 pm| in US$ millions) | 4Q10 | 4Q11 | FY10 | FY11 |
| Storage Revenues | 599 | 574 |
2,192 | 2,295 |
| Growth | -4% | 5% |
EqualLogic sales grew 49% and, combined with Dell PowerVault sales, accounted for almost two-thirds of storage revenues and more than 80% of the company’s storage gross margin.
Server sales growth of 13% and storage growth of 12% balanced demand decline for desktop and laptop computers.
For SMB revenues, server was up 22% and storage up 20%.
Brian Gladden, CFO, commented:" Clearly, our storage business has transitioned from primarily being a storage reseller to a full-fledged storage technology provider. Because of this change in mix, our total gross margin contribution from storage has more than doubled over the last two years."
Remember that Dell’s storage revenues decreasing by 13% sequentially for the former quarter. Fortunately, the firm has added EqualLogic to its portfolio to recover in this activity.
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