Dell’s Infrastructure Group posted record quarterly revenue
When investors responded favorably towards the end of last week Dell Technologies Reported Q1 Financial 2023 results. The company reported record revenue from Dell’s Infrastructure Solutions Group (ISG) with particularly strong numbers. ISG is a business segment that includes data center servers, networking and storage.
Dell ISG reported revenue of $ 9.3 billion, up 16%, generating $ 1.1 billion in operating income. Storage revenue grew 9% to $ 4.2 billion, and server and network revenue topped $ 5 billion, up 22% year-over-year (YoY).
Dell’s COO Chuck Whiten said in a statement that the company’s earnings reflect the success of its various business strategies, which extend from the core data center to the cloud. He said that despite the existing supply chain headwinds plaguing the IT industry, these emerging IT markets are in a position to take advantage of business opportunities.
“… Considering our business forecasting, sustainability and flexibility, we are in a position to achieve growth wherever it is implemented in the IT market,” he added.
The company has reached a significant telco cloud milestone this past quarter with the launch of the Dell Telecom Multi-Cloud Foundation. The solution provides a turnkey network infrastructure solution for deployment on open, cloud-native networks, in an effort to modernize the Communications Service Provider (CSP). The solution combines Dell server hardware with its bare-metal orchestrator management software. Support for Dell Red Hat, VMware and Wind River Telco Cloud platforms.
Introducing it, Aaron Chaison, VP of Dell’s Telecom and Edge Solutions, stated that his company is taking advantage of early movers in the emerging open RAN / vRAN disassembly market.
“As the telecommunications industry is disintegrating and modernizing and moving into the next era of that industry, Dell Technologies really wanted to get into the game with our leadership to work with open platforms and core IT for decades and bring those people, those processes. And these technologies and the telecommunications industry are being able to help modernize their infrastructure, ”he said.
COO Jeff Clark used the company’s recent quarterly call with analysts to highlight Dell’s work to help customers navigate the multi-cloud challenge. Coming out of Dell Technologies World, the company counts CVS Health, USAA, General Motors and Boeing among customers who are using Dell Solutions as part of their digital transformation efforts.
“We have shared Project Alpine, which brings enterprise-class data services to the public cloud for cloud bursting, testing and development, cloud-based analysis, data and container mobility. We’re also unlocking data power through our partnership with Snowflake, the first of its kind to provide direct access to Dell Object storage on-prem, and we’re incorporating cybersecurity, “Clark said.
Bill Scannell is President of Dell’s Head of Global Sales and Customer Operations. In a recent blog post, Scannell pointed to Dell’s efforts to help customers with digital conversions in a multi-cloud environment.
As evidence, Scanel Cloud data warehousing service presented Dell’s recent collaboration with Snowflake. “We’re helping customers bring data to Snowflake data services in their Dell storage environment – and for the first time, bring Snowflake data services to the premises,” he said.
Apex is the enterprise brand for the company’s emerging on-demand cloud “Edge-A-Service” solution. Another quarterly high point was the launch of Dell’s Apex Cyber Recovery Solution. It marks the first of a series of full-stack Apex-branded solutions, the company said. Cyber Recovery Solution is a new managed service that simplifies corporate cyber attack recovery.