DQ Top 20 Rank 13 - Dell Technologies India Empowering Innovation and Growth in India and Beyond 

Dell Technologies is strategically focused on six key technologies—Multi-cloud, Edge, 5G, AI/ML, Data Management, and Cybersecurity—aiming to empower modern IT systems for the future. 

Dell Technologies announced its financial results for the first quarter of fiscal year 2023. With a record-breaking revenue of $26.1 billion, a remarkable 16per cent growth, the company showcased its strength across the Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG). In addition to revenue growth, Dell Technologies achieved significant milestones in operating income, reporting a record first-quarter operating income of US$1.6 billion, a remarkable 57 percent increase. Moreover, the non-GAAP operating income reached US$2.1 billion, showcasing a commendable 21 percent surge. The company’s net income from continuing operations reached US$1.1 billion, an impressive 62 percent increase, while non-GAAP net income hit US$1.4 billion, demonstrating a substantial 36per cent growth. The growth in net income was fueled by increased operating income and lower interest expense, thanks to reduced debt balances. 

Dell Technologies has established comprehensive facilities in the country, including manufacturing and R&D facilities, a Center of Excellence, an executive briefing center, and support centers. India stands as the only country outside of the US with such an extensive range of facilities. 

As the company continues to deliver impressive financial results, it remains committed to its expansion in India. Having witnessed 64 percent year-on-year growth in the country’s business in FY2022, Dell Technologies aims to become the “most essential infrastructure and technology provider to companies” in India. 

Alok Ohrie, President & Managing Director of Dell Technologies India, shared that the momentum continued into the first quarter of the current fiscal year, making it a record quarter for the company in India. He emphasized Dell Technologies’ contributions to nation-building and the Indian ecosystem. 

Key wins 

• The company has also been making strategic collaborations and winning key partnerships, such as with Startup India, supporting the Digital India Mission, Dubai Customs, Salesforce, Red Hat, Wind River, Fujitsu, and UNICEF USA, among others. 

• With a focus on innovation and growth, Dell Technologies remains dedicated to transforming the edge with Project Frontier Software Platform, driving digital experiences in higher education with MHEC Selects Dell APEX, and launching the high-performance Alienware Aurora R15 desktop series in India. 

• Dell Technologies stands strong as a global technology leader, empowering businesses and individuals alike with cutting-edge solutions and a vision for a digitally connected future. Its relentless pursuit of innovation and commitment to excellence continues to set it apart in the ever-evolving technology landscape. 

In line with its commitment to India, Dell Technologies has established comprehensive facilities in the country, including manufacturing and R&D facilities, a Center of Excellence, an executive briefing center, and support centers. India stands as the only country outside of the US with such an extensive range of facilities. 

Dell Technologies is strategically focused on six key technologies—Multi-cloud, Edge, 5G, AI/ML, Data Management, and Cybersecurity—aiming to empower modern IT systems for the future. Furthermore, the company offers various consumption models, such as Flex On Demand, Dell Tech On Demand, and Project APEX, to effectively address customers’ needs and expectations. 

While Dell Technologies continues to make significant strides, the company acknowledges the importance of correcting channel inventory in the consumer and SME segments. Despite a drop in market share due to this correction, the company remains steadfast in its commitment to addressing the enterprise segment, which has been historically its forte. 

Dell Technologies continues to expand its portfolio, launching 13 new variants of PowerEdge servers, including the Dell PowerEdge R760, which offers nearly three times more AI inferencing capabilities.