Dell Technologies Shares FY22 Business Highlights & FY23 Priorities

On March 29, Dell Technologies presented a media briefing in Asia Pacific and Japan (APJ), sponsored by Chuck Whitten, Co-Chief Operating Officer, and Amit Midha, President, Asia-Pacific & Japan and Global Digital Cities.

. Dell Technologies shared its full-year fiscal 2022 financial results, global and APJ performance highlights, regional trends, customer impact, and the company’s global innovation agenda for FY23 and beyond during the virtual briefing.

FY22 global performance highlights and business momentum for FY23

Chuck Whitten, Co-Chief Operating Officer shared, “FY22 was a historic year for our company. We reached more than US$ 100 billion in revenue and grew by 17 percent. For a company of our size, this is tremendous growth and highlights how we are occupying the technology ecosystem. We delivered records across the board.”

For the full year, the revenue for Dell Technologies’ Infrastructure Solutions Group (ISG) was $34.4 billion, up 4 percent year-over-year, with four consecutive quarters of growth. Discussing the company’s Client Solutions Group’s (CSG) record revenue of US$ 61.5 billion for the full year, Whitten discussed how “the PC continues to be alive and well. The PC is becoming a symbol of a company’s commitment to technology; the device is now the gateway of the employee experience in a hybrid working environment.”

Pursuing a two-part strategy – by consolidating and modernizing its core business and pursuing new growth opportunities – Whitten explained how the company is ‘perfectly positioned’ with its ‘durable competitive advantage’. 

“We are in a privileged strategic position. Our future is bright,” said Whitten.

Record growth in APJ and delivering business outcomes

Midha commented that “APJ plays a very big role in our global operations.” The region achieved a record full-year orders revenue growth of 34 percent year-over-year (Y/Y), and all geographies in APJ grew revenue Y/Y. ISG orders revenue for the full year FY22 was up 21 percent year-over-year. With the hybrid work momentum taking off in the region, CSG orders revenue for the full year FY22 was up 45 percent Y/Y, with strong demand recorded for notebooks and desktops.

“All of these show a significant confidence in our strategy, our technology products, our relationships, as well as our way of doing business,” said Midha.

Discussing how Dell Technologies is enabling digital transformation for customers in APJ, Midha talked about how the company is helping develop 5G communications infrastructure for Softbank and NTT, “We’re helping them integrate the edge. We’re integrating the multi-cloud as well as building the core 5G infrastructure, including the Open RAN.”

Dell Technologies also won eHealth contracts, including the implementation of COVID-19 vaccination centers and the provision of client devices to the Queensland Government’s Health Department for nearly 90,000 healthcare personnel. Jeju Air in Korea has implemented Dell Technologies’ technologies for its Passenger System and Unified Log System major data center infrastructure.

Investing in the future of society

Speaking about investments in future talent, Midha shared how Dell Technologies launched its Global Innovation Hub in Singapore last year and is partnering with Institutes of Higher Learning (IHLs) in Singapore and Malaysia to enhance pre-employment training for students by equipping them with critical skills linked to new and emerging technologies.

The company is focused on its four Progress Made Real moonshot goals to sustain growth and shape the future of society.

“One, we want to lead the way in sustainability. We want to run our operations in a way that is carbon neutral. We want to support efforts that support the environment,” Midha commented. Dell Technologies has implemented its largest on-site solar panel installation at its Penang facility in Malaysia, aimed at lowering its annual greenhouse gas emissions by about 650 tons. It is also working with Intel and the University of Queensland, to support Citizens of the Great Barrier Reef in enabling real-time data collection and analysis of the condition of the reef.

Other pillars include cultivating inclusion, transforming lives, as well as upholding ethics and privacy.

Midha concluded that if it’s not done right, it’s not right. Everything that they do has to start from being the most ethical company, making sure the heart is in the right place, and that their technology is developed with the highest standards.