Shulou(Shulou.com)11/24 Report--

On March 3, Beijing time, Dell released its results for the fourth quarter and the whole year of fiscal 2023. Dell's revenue in the fourth quarter of fiscal 2023 (CTOnews.com note: November 2022 to January 2023) was $25 billion (CTOnews.com note: currently about 171.75 billion yuan), down 11% from the same period last year; operating profit was $1.2 billion, 4.7% of total revenue; nonmurGAAP operating profit was $2.2 billion, accounting for 8.7% of total revenue. Net profit from continuing operations for the quarter was $606 million (CTOnews.com Note: current approximately RMB 4.163 billion), while non-GAAP net profit was $1.3 billion and operating cash flow was $2.7 billion. Diluted earnings per share from continuing operations were $0.84 and diluted earnings per non-GAAP were $1.80 per share.

Tuyuan Pexels2023's total revenue for the fiscal year was US $102.3 billion (CTOnews.com Note: currently about RMB 702.801 billion), up 1% from the same period last year; operating profit was US $5.8 billion, up 24% from the same period last year; operating profit of GAAP was US $8.6 billion, up 11% from the same period last year. Full-year net profit from continuing operations was $2.4 billion (CTOnews.com Note: current approximately RMB 16.488 billion), while non-GAAP net profit was $5.7 billion and operating cash flow was $3.6 billion. For the full year, diluted earnings per share from continuing operations were $3.24, while diluted earnings per share of non-GAAP were $7.61.

It returned $3.8 billion to shareholders through share buybacks and dividends in the current fiscal year. Dell will increase its annual cash dividend by 12% to $1.48 per common share and will pay a first-quarter dividend of $0.37 per common share to all shareholders of record before April 25 on May 5.

Infrastructure Solutions Group (ISG) had full-year revenue of $38.4 billion, up 12 per cent year-on-year, and operating profit reached a record $5 billion, up 35 per cent from a year earlier. Revenue in the fourth quarter was $9.9 billion, up 7% from a year earlier, achieving eight consecutive quarters of growth. Of this total, revenue from the server and network business was $4.9 billion, up 5 per cent from a year earlier, while revenue from the storage business was $5 billion, up 10 per cent from a year earlier. Operating profit for the quarter was $1.5 billion, up 40 per cent from a year earlier, accounting for about 15.6 per cent of the division's total revenue.

Full-year revenue of client Solutions Group (CSG) was $58.2 billion, down 5% from a year earlier, and operating profit was $3.8 billion, down 12% from a year earlier. Revenue in the fourth quarter was $13.4 billion, down 23% from a year earlier. Revenue from the commercial business fell 17 per cent from a year earlier to $10.7 billion, while revenue from the consumer business fell 40 per cent from a year earlier to $2.7 billion. Operating profit for the quarter was $671 million, down 42 per cent from a year earlier and accounting for about 5 per cent of the division's total revenue.

Main areas of innovation:

Dell introduces a new PowerEdge server that expands its industry-leading server portfolio to improve energy and cost efficiency and make systems smarter across data centers, large-scale public clouds, telecommunications, and edge locations, increasing AI reasoning capabilities by up to 2.9 times.

Dell expands its technology ecosystem and solutions, including the introduction of Dell Telecom Infrastructure Blocks for Red Hat to accelerate the adoption of open cloud native technologies in the telecommunications industry.

Dell launches products for mixed offices, including:

The UltraSharp 6K display has intelligent and secure collaboration capabilities, and as Dell's first 6K resolution display using IPS Black panel technology, it can provide users with higher definition and contrast.

The Dell Premier Collaborative Keyboard is Dell's first Zoom-certified keyboard with dedicated touch buttons that make it easy for users to manage Zoom meetings.

Chuck Whitten, co-chief operating officer of Dell Technology Group, said: "in fiscal year 2023, we accelerated the innovation process, driven market share growth, and achieved strong profitability in a challenging environment. Full-year revenue reached $102.3 billion, operating profit hit an all-time high, and Infrastructure Solutions Group generated $38.4 billion in revenue. Long-term trends work in our favor, and as data grows exponentially, we will continue to help customers simplify and cope with the complexity of mixed offices, clouds and edges. "

Jeff Clarke, vice chairman and co-chief operating officer of Dell Technology Group, said: "our end-to-end product portfolio is considered competitive in a changing environment. Infrastructure Solutions Group posted eight consecutive quarters of growth in the fourth quarter, with revenue of $9.9 billion and profitability at an all-time high, with storage revenue of $5 billion. Client Solutions groups focus on the most profitable parts of the PC market to surpass the industry as a whole. Even if the priority of customer spending has shifted, we are ready to seize the growth opportunity. "

Tom Sweet, chief financial officer of Dell Technology Group, said: "We continue to provide services to customers and achieve our capital return commitment through strict management of the business. We returned about $3.8 billion to shareholders in fiscal 2023 and will increase our annual dividend for fiscal 2024 by 12%, reflecting our confidence in Dell's long-term business model and sound cash flow."

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.