Client Solutions Group delivered first quarter revenue of $12 billion, down 23%. Commercial revenue was $9.9 billion, and Consumer revenue was $2.1 billion. Operating income was $892 million, or approximately 7% of Client Solutions Group revenue.
Key areas of innovation:
- Multicloud: Introduced new cloud platforms with Microsoft, Red Hat and VMware that bring cloud operating models on premises, and announced storage for public cloud with AWS and Microsoft that brings enterprise block and file storage capabilities to public cloud.
- Artificial Intelligence: Announced Project Helix, making Dell the first to collaborate with NVIDIA on full-stack solutions that help customers quickly and securely deploy generative AI on-premises at scale using their own proprietary data.
- As a Service: Added compute and PCaaS and managed device services for client to Dell APEX, making the breadth of Dell's portfolio available as a service or subscription.
- Edge: Introduced Dell NativeEdge, an edge software platform that helps customers manage, simplify and secure their entire edge estate with a single solution.
- Cybersecurity: Announced Project Fort Zero, which will make Dell the first company to deliver end-to-end Zero Trust with a fully integrated Advanced Zero Trust private cloud solution to be validated by the U.S. Department of Defense.
Operating Segments Results
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| Three Months Ended |
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| May 5, 2023 |
| April 29, 2022 |
| Change |
Infrastructure Solutions Group (ISG): |
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Net revenue: |
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Servers and networking | $ 3,837 |
| $ 5,048 |
| (24) % |
Storage | 3,756 |
| 4,237 |
| (11) % |
Total ISG net revenue | $ 7,593 |
| $ 9,285 |
| (18) % |
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Operating Income: |
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ISG operating income | $ 740 |
| $ 1,082 |
| (32) % |
% of ISG net revenue | 9.7 % |
| 11.7 % |
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Client Solutions Group (CSG): |
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Net revenue: |
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Commercial | $ 9,862 |
| $ 11,971 |
| (18) % |
Consumer | 2,121 |
| 3,616 |
| (41) % |
| Total CSG net revenue | $ 11,983 |
| $ 15,587 |
| (23) % |
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| Operating Income: |
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| CSG operating income | $ 892 |
| $ 1,115 |
| (20) % |
| % of CSG net revenue | 7.4 % |
| 7.2 % |
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