Technology Investments are Key to Customers’ Competitive Advantage
- August 26, 2022
Today, our Q2 financial results showed another strong quarter, with record revenue of $26.4 billion driven by growth across our Client Solutions Group (CSG) and Infrastructure Solutions Group (ISG). CSG and ISG grew 12% and 9% respectively. We executed well despite an increasingly challenging environment. And we continue to deliver on our strategy of growing our core business and innovating for our customers to help them seize opportunities in the data era.
Globally, organizations are facing a range of challenges – inflation, slowing economic growth and ongoing supply constraints. Many companies are struggling to predict what’s on the immediate horizon for their business. However, in my discussions with customers around the world, one thing is clear: they continue to see technology investments as key to their competitive advantage. They need a partner who can work with them and deliver in any environment. Our overarching goal is to be that trusted partner, helping our customers and partners compete and succeed now, and in the years ahead.
The innovations and the solutions we develop help our customers and partners compete and win. Recently, we joined forces with T-Mobile to pair a private 5G network with Dell edge-computing technologies so data can be processed, stored and acted upon at locations like large business campuses, factories or universities. T-Mobile’s 5G Private Mobile Network will bring customers 5G connectivity on-premises where they need it, as well as the speeds, ultra-low latency and control they need to use new apps that can help to increase revenue and lower costs.
Our innovations in edge and telecom have never been stronger. Dell’s edge computing technologies, along with PowerStore and PowerEdge servers, also helped The Kraft Group, one of the largest privately held companies in the United States and holding company for the New England Patriots, to capture data at the edge and use real-time insights to create an immersive and secure experience for fans at Gillette Stadium. DISH marked a major milestone in building the world’s most advanced cloud-native 5G Open RAN network when it announced offering 5G broadband service to over 20% of the U.S. population. With its cloud-native network built with Dell’s open IT infrastructure, software and services, DISH can continue to scale its deployment while helping organizations tap into the possibilities of 5G and edge computing.
APEX is another innovation engine enabling our customers’ multicloud future. Our customers are looking to buy infrastructure as a subscription. Our APEX annual recurring revenue is now more than $1 billion and we grew orders 78% year over year in Q2 while adding almost 200 new customers. The Federal Home Loan Bank of San Francisco is using APEX to support its growth and cloud strategy while offering significant cost savings as the financial institution serves its members. Montage Health, which delivers care to a half-million individuals annually, is using APEX to provide clinicians with better access to critical applications and information for patient care and staff collaboration.
Across the globe, our customers are using technology in incredible ways to advance healthcare, education and opportunity.
Rijksmuseum in the Netherlands is one of the first in the world to completely digitize its collection, making it accessible to all while also preserving cultural heritage for future generations. Teams used high-resolution photography and artificial-intelligence techniques, powered by Dell Technologies storage and services, to learn how Rembrandt put paint on canvas and to determine the best treatment plan for restoration. The museum worked with Dell and channel partner IT Creation to provide employees working remotely with Dell laptops.
Caja Morelia Valladolid, Mexico’s second-largest membership savings and credit cooperative, is working with Dell to modernize its data centers. Together, we’re bringing greater speed, security and efficiency to many IT processes as the bank expands its online and mobile banking capabilities – including a new mobile app and new functionality that allows members to make payments on other banks’ credit cards without standing in line.
GEO SEARCH investigates under-road cavities across Japan to identify and address risks to the infrastructure. Using Dell PowerEdge AI-enabled server, GEO SEARCH can expand the distance it can survey by six times, from 20,000 km to 120,000 km, contributing toward greater protection and mitigating disasters.
This past quarter is proof that in today’s environment, technology is a universal competitive advantage, and we are delivering innovative solutions for our customers in a big way. That’s our commitment to our customers and partners, and we are confident in our long-term opportunity.