Dell Technologies only now reported on a three-month period that ended in July, claiming that it had reached $26.4 billion, an increase of 9 per cent over the same period last year and almost matched the expectations of analysts, and that Dell's management was more concerned about future periods, as revenues would fall by 8 per cent in that quarter and growth was almost non-existent in the next year.
Climate Solutions Group, which is primarily responsible for the supply of personal computers, showed a 9% increase in revenue in the second quarter, while in the commercial sector it increased by 15%, but in consumer terms fell by 9%, fully in line with market trends recognized by other participants. In the first quarter, the unit grew by 17%, in the fourth quarter of last year it grew by 26%, so the modest 9% of the second quarter indicates a slowdown in the PC market.
Infrastructure Solutions Group, which produces server equipment and data storage systems, increased revenue by 12% to $9.5 billion in the second quarter. In the data storage system, revenues rose by 6%, and server and telecommunications equipment brought Dell 16% more revenue than in the same period last year. Again, in the previous quarter, infrastructure revenue increased by 17%, although it was limited to a 3% deficit. In fact, Dell acknowledges that some components are still lacking — the same power supply units and network adapters, for example.
In the current quarter, Dell expects to earn no more than $23.8 billion or $25 billion, which is slightly lower than the market's expectations, and will consistently correspond to a decline of more than 8% in revenues. In the next year's forecast, Dell is abandoning the previous 6% increase in revenue in favour of maintaining it at the current year's level or a marginal 2% increase in the most optimistic version.