Dell Technologies shares have risen +2.9% on a good Q1 result with a 17% Y/Y revenue growth.
The Infrastructure Solutions Group revenue of $8.7bn was up +25%; Client Solutions Group, $10.3bn up +14%; VMware revenue, $2bn, up +12%.
"The great momentum we saw exiting last year for servers and commercial client continued through the first quarter. We gained share in PCs and servers during the first calendar quarter and, when the numbers are revealed, expect to gain share in storage, as well," said Jeff Clarke, vice-chairman, Products & Operations, Dell Technologies. "We're pleased but not satisfied and will continue focusing our energy and resources on what matters most to our customers."
Following positive demand growth in its fiscal fourth quarter, Dell expects to gain share year-over-year in storage when the first calendar quarter 2018 storage industry share numbers are final, it says. This will be its first quarter of storage share gain since closing the EMC transaction.
First quarter revenue from other businesses, including RSA, Pivotal, Secureworks, Virtustream and Boomi was $579m, up 9%
