Dell: Fiscal 2Q12 Financial Results

in US$ millions)	2Q11	2Q12	6 mo. 11	6 mo. 12
Storage Revenues	624	502	1,178	983
*Growth*		-20%		*-17%*

Dell, Inc. reported financial results for the second quarter ended June 29, 2011.

"Dell-owned storage technology grew 15% in the quarter. The benefits of Dell’s mid-market design focus are evident in the success of EqualLogic, which continues to be a highly profitable line of storage products. In addition, revenue in the company’s Compellent storage business grew 97% sequentially, after closing the acquisition in Q1," stated the company.

"Small and medium business revenue grew 5% to $3.7 billion. In the second quarter server, storage and services grew year-over-year, and most of the remaining EMC storage business has now transitioned to Dell technologies," commented CFO Brian Gladden.

But more precisely, NetApp’s storage activity decreased 20% from $624 million in 1Q11 to $502 million in 1Q12, and is up only 4% sequentially from $481 million, now representing a mere 3% of its global revenues.

For the six months ended June 29, 2011, storage represents $983 million, down 17% from the same period one year ago.