Dell: Fiscal 3Q10 Financial Results

Dell Storage Revenues

(in US$ millions)	3Q09	4Q09	1Q10	2Q10	3Q10
Revenues	630	703	534	551	508
% of Total Revenues	4%	5%	4%	4%	4%
*Q/Q Growth*	*-9%*	*12%*	*-24%*	3%	*-8%*
Y/Y Growth	1%	8%	-17%	-20%	-19%

For its fiscal 3Q10 period ending in October 30, 2009, Dell, Inc. reported storage revenues of $508 million, down 19% from one year ago and 8% sequentially.

For the nine month period, they decrease also 19%, to $1,593 million.

Storage represents currently only 4% of the total sales of the company but 19% if you add servers.

Since several years, the biggest part of Dell’ storage revenues came from EMC products, but it’s slowly changing with the success of its own EqualLogic iSCSI subsystems that grew 31% from 3Q09 to 3Q10 and now have 10,000 new customers. The recent launch of PS 4000, a more affordable entry point system for remote offices authorizing data center IT solutions such as consolidation and virtualization, could increase these figures.