Dell: Fiscal 1Q23 Financial Results

Revenue for storage only

(in $ million)	1Q22	1Q23	Growth
Revenue	3,893	4,237	9%

Dell Technologies, Inc. announces financial results for its fiscal 2023 first quarter.

Total revenue was a first quarter record of $26.1 billion, up 16%, with growth across Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).

ISG delivered record first quarter revenue of $9.3 billion, up 16%.

A record since one year, storage revenue was $4.2 billion, up 9%, as 4 consecutive quarters of demand growth has now made its way into the P&L, with demand across the company’s storage portfolio, including data protection, HCI, unstructured, entry, high end and PowerStore, marquee mid-range solution and still the fastest-growing storage architecture in company history.

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%
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%
1FQ22	3,802	0%
2FQ22	3,970	-1%
3FQ22	3.895	1%
4FQ22	4,499	-0%
FY22	16,465	0%
1FQ23	4,237	9%

* Without EMC
**without EMC for 1FQ17 and 2FQ17 following acquisition for $63 billion

Earnings call transcript