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Emoji mehDell: Fiscal 1Q25 Financial Results

Storage flat at $3,761 million after 4 quarters of decline, and down 16% Q/Q

For storage only

(in $ million) 1FQ24 1FQ25
Revenue 3,756 3,761
Growth   0%

Dell Technologies, Inc. announces financial results for its fiscal 2025 first quarter.

Global revenue was $22.2 billion, up 6% Y/Y.

Storage revenue was flat Y/Y at $3.8 billion and down 16% Q/Q.

In this business, the company announced software updates to PowerStore which now includes the availability of QLC. PowerStore software updates give new and existing customers up to a 66% performance boost and native sync replication for file and block.

During the quarter, the firm saw demand strength in HCI, PowerMax, PowerStore, and PowerScale. ISG operating income was 8% of revenue and $736 million, down 1%. 1FQ25 is seasonally company’s lowest profitability quarter in ISG given storage seasonality, and Dell expect ISG operating margin to improve as the year progresses.

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%
FY20 16,767 -0%
FY21
16,091 -4%
FY22
16,465
0%
1FQ23 4,237 9%
2FQ23 4,327 6%
3FQ23 4,429 11%
4FQ23 4,965 10%
FY23 17,958 9%
1FQ24 3,756 -11%
2FQ24 4,187 -3%
3FQ24 3,843 -13%
4FQ24 4,475 -10%
FY24 16,261 -10%
1FQ25 3,761 0%

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

Earnings call transcript

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