Dell: Fiscal 4Q21 Financial Results
Storage revenue down 2% at $4.4 billion, sixth consecutive quarter of decline
This is a Press Release edited by StorageNewsletter.com on March 1, 2021 at 2:18 pm| (in $ million) | 4Q20 | 4Q21 | FY20 | FY21 |
| Revenue for storage only |
4,487 | 4,409 | 16,842 | 16,091 |
| Growth | -2% | -4% |
Dell Technologies, Inc. announces financial results for its fiscal 2021 fourth quarter and full year ended January 29, 2021.
The company records FY21 global revenue of $94.2 billion.
Infrastructure solutions group revenue for 4FQ21 was $8.8 billion, flat Y/Y.
Storage revenue was $4.4 billion, down 2%, but an improvement over 3FQ21, while servers and networking revenue was $4.4 billion, up 3%. Operating income was a record $1.2 billion or 13.5% of infrastructure solutions group revenue. For the full year, revenue was $32.6 billion, with operating income of $3.8 billion.
PowerStore orders were up 4x Q/Q, as customers embrace the next gen of data center technology and applications.
It is ramping faster than XtremIO and VxRail, making it the fastest new architecture the firm has released. Additionally, approximately 20% of PowerStore customers are new as Dell tripled the number of wins vs. key competitors Q/Q.
Mid-range storage business returned to 8% growth in 4FQ21, driven by accelerated adoption of PowerStore. It’s the first time Dell grew the mid-range now in storage. “It’s in nine quarters,” said the company.
Storage revenue was $16.1 billion for FY21, down 4%, but the company did see demand growth in some areas. PowerMax, HCI and PowerProtect Data Domain saw solid growth during the year on an orders basis.
Dell said it was selected ≠1 by IDC in revenue for:
- Storage platforms for private cloud with 25.1% share
- Hyperconverged systems with 33.2% share
- External enterprise storage with 28.8% share
- Storage software with 13.2% share
- AFA with 34.4% share
- Converged systems with 42.2% share
- PPBA with 48.7% share
Storage revenue of Dell
(in $ million)
| Period | Revenue | Y/Y growth |
| FY11* |
2,295 |
5% |
| FY12* |
1,943 |
-15% |
| FY13* |
1,699 |
-13% |
| FY14* |
1,518 |
-11% |
| FY15* |
1,437 |
-5% |
| FY16* |
2,217 |
54% |
| FY17** |
8,942 |
303% |
| FY18 | 15,254 |
+71% |
| 1FQ19 | 4,082 | +10% |
| 2FQ19 | 4,166 | +13% |
| 3FQ19 | 3,883 | +6% |
| 4FQ19 | 4,636 | +7% |
| FY19 | 16,767 | +10% |
| 1FQ20 | 4,022 | -1% |
| 2FQ20 | 4,184 | 0% |
| 3FQ20 | 4,184 | +8% |
| 4FQ20 | 4,487 | -3% |
| FY20 | 16,767 | -0% |
| 1FQ21 |
3,758 | -7% |
| 2FQ21 |
4,011 | -4% |
| 3FQ21 |
4,149 | -7% |
| 4FQ21 |
4,409 | -2% |
| FY21 |
16,091 | -4% |
* Without EMC
**without EMC for 1FQ17 and 2FQ17 following acquisition for $63 billion
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