Dell: Fiscal 2Q20 Financial Results

Dell Technologies, Inc. announced financial results for its 2FQ20 ended August 2, 2019.

Quarterly revenue was $23.4 billion, up 2%, and non-GAAP revenue was $23.5 billion, up 1% over the same period last year.

Infrastructure solutions group revenue was $8.6 billion for the most recent quarter, a 7% decrease Y/Y while servers and networking decreased 12% to $4.4 billion.

Storage revenue was flat at $4.2 billion Y/Y and +4% Q/Q.

On the more positive side, orders were up 1% driven by strength in Isilon and HCI solutions. Storage business remains healthy in 2FQ20 with orders up 1% and first half orders up 4%. The company saw strong customer receptivity to the recently launched Unity XT midrange storage solution. VxRail orders grew 77% Y/Y as organizations continue to benefit from its integration with VMware Cloud Foundation

Citing the figures of IDC in 1CQ19, the IT firm said Dell EMC, maintained the #1 position with:

• 34.4% share in storage software
• 17.5% share in AFAs
• 34.2% share in HCI

The company hopes that storage is going to grow more than 3% Y/Y teams.

The most recent financial quarterly sales of the biggest subsystems companies in storage prove the recent difficulties in the global market:

• Dell: +0% Y/Y, +4% Q/Q
• HPE: -5% Y/Y, -10% Q/Q,
• IBM: -21% Y/Y for storage hardware
• NetApp: -16% Y/Y, -22% Q/Q
• Nutanix: -1% Y/Y, +4% Q/Q

The only exception is Pure Storage: +28% Y/Y and +21% Q/Q.

To read the earnings call transcript