Dell: Fiscal 4Q19 Financial Results

Storage continuing to improve with sales up 19% Q/Q and 7% Y/Y

By Jean Jacques Maleval | March 5, 2019 at 2:39 pm

(in $ million)	4Q18	4Q19	FY18	FY19
Storage revenue	4,329	4,636	15,384	16,767
*Growth*		7%		9%

Dell Technologies, Inc. announces its fiscal 2019 fourth quarter and full year results ended February 2, 2019.

Global revenue increased 9% Q/Q at $22 billion and 15% Y/Y at $91 billion.

For storage only, results are also excellent. Revenue grew for the fourth consecutive quarter at $4.6 billion, up 7% Y/Y and 19% Q/Q, especially for solutions for the data center.

The company said that its storage share increased for three straight quarters in calendar year 2018, according to 4Q18 IDC results for storage systems to be published on March 7.

But Dell has more work to do even if it believes it has taken the right actions to drive meaningful long-term improvement in its storage business.

To read the earnings call transcript