Dell Technologies Posts “Record” Revenues for Second Quarter

Dell Technologies logged “record” revenue results, reflecting “strong execution and demand across the IT ecosystem,” for the fiscal 2022 second quarter ended July 30, 2021.

Sales were $26.1 billion, marking 15 percent Y2Y growth over FY21Q2 revenues of $22.7 billion. By segment, Client Solutions Group revenue grew 27 percent year on year to an all-time-high $14.3 billion, Infrastructure Solutions sales increased 3 percent to $8.4 billion and VMware revenue was up 8 percent to $3.1 billion.

At the same time, Dell’s profits were $880 million, or $1.05 per share. This amount was down 20 percent from fiscal 2021 Q2 earnings of $1.1 billion, or $1.37 per share.

“We’re well known for our unique ability to adjust and lean into growth opportunities, as evidenced by our results with record second quarter revenue of $26.1 billion,” said VP and co-COO, Jeff Clarke. “We’re innovating and helping customers grow with a focus on multi-cloud solutions and modern infrastructure delivered traditionally and as-a-Service.”