{"id":41283,"date":"2020-08-28T09:38:35","date_gmt":"2020-08-28T09:38:35","guid":{"rendered":"http:\/\/icloud.pe\/blog\/?guid=670b7ebe1de9a5a4d1369fa6ab2cb4b8"},"modified":"2020-08-28T09:38:35","modified_gmt":"2020-08-28T09:38:35","slug":"dell-and-vmware-revenues-boosted-by-remote-working","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/dell-and-vmware-revenues-boosted-by-remote-working\/","title":{"rendered":"Dell and VMware revenues boosted by remote working"},"content":{"rendered":"


\n Bobby Hellard<\/a><\/span>
\n <\/span><\/p>\n

\n
\n
28 Aug, 2020<\/span><\/div>\n<\/p><\/div>\n<\/div>\n

\n<\/a><\/p>\n

\n

Dell Technologies<\/a>\u00a0beat profit estimates with strong second-quarter earnings boosted by demand for its\u00a0notebooks<\/a>\u00a0and software products for remote and online learning.\u00a0<\/p>\n

The firm posted second-quarter revenues of $22.7 billion (\u00a317 billion) and operating income of $1.1 billion (\u00a3827 billion), a\u00a0119% increase year-on-year.\u00a0<\/p>\n

<\/p>\n

\nWhile the impact of the\u00a0coronavirus<\/a>, and the resulting lockdown, hurt other parts of its business, the rapid shift to the cloud spurred demand for hardware and software to enable remote working.<\/p>\n

Orders\u00a0from the education sector jumped 24% in the second quarter period ending 31 July, according to Dell, while government orders also\u00a0increased by\u00a016%.<\/p>\n

“In Q2, we saw strength in the government sector and in education as parents, teachers and school districts prepare for a new frontier in virtual learning,” said Jeff Clarke, chief operating officer at Dell.\u00a0<\/p>\n

Revenue in\u00a0the firms biggest segments was also boosted by consumer sales of notebooks and gaming systems hitting double digits.\u00a0Data centre sales, were down, however,\u00a0dropping 4.8% to $8.21 billion (\u00a36.18 billion), which Dell said was due to companies redirecting their spending towards remote working. \u00a0<\/p>\n

Dell’s software unit,\u00a0VMware<\/a>, also benefited from the shift to cloud, posting a 9.7% revenue rise at $2.91 billion (\u00a32.18 billion).\u00a0<\/p>\n

“In light of these uncertain times, we delivered solid execution and financial performance in Q2 FY21,” said Pat Gelsinger, VMware CEO.<\/p>\n

“With our Any Cloud, Any Application, Any Device strategy, we are helping customers solve their hardest technology challenges and meet and exceed their business objectives.”<\/p>\n

Dell’s stake in VMware is worth almost $50 billion (around \u00a340 billion), but the company is reportedly exploring a potential\u00a0spinoff of its equity ownership<\/a>\u00a0of the software giant. Any potential deal is likely not to occur before September next year, but Dell has confirmed the plans by submitting a filing with the US Securities and Exchange Commission (SEC). <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Bobby Hellard<\/p>\n

28 Aug, 2020 <\/p>\n

Dell Technologies\u00a0beat profit estimates with strong second-quarter earnings boosted by demand for its\u00a0notebooks\u00a0and software products for remote and online learning.\u00a0
\nThe firm posted second-qua…<\/p>\n","protected":false},"author":403,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-41283","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/41283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/403"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=41283"}],"version-history":[{"count":1,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/41283\/revisions"}],"predecessor-version":[{"id":41284,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/41283\/revisions\/41284"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=41283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=41283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=41283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}