Client Solutions Group (CSG) delivered first quarter revenue of $12.0 billion, flat year over year. Commercial client revenue was $10.2 billion, up 3% year over year, and Consumer revenue was $1.8 billion, down 15%. Operating income was $732 million.
"No company is better positioned than Dell to bring AI to the enterprise," said Jeff Clarke, vice chairman and chief operating officer, Dell Technologies. "Servers and networking hit record revenue in Q1, with our AI-optimized server orders increasing sequentially to $2.6 billion, shipments up more than 100% to $1.7 billion, and backlog growing more than 30% to $3.8 billion."
Dell Technologies World
On May 20, Dell expanded the industry's broadest AI solutions portfolio from desktop to data center to cloud with innovations designed to accelerate AI adoption and innovation:
- The Dell AI Factory combines Dell infrastructure, solutions and services optimized for AI workloads with an open ecosystem of partners including NVIDIA, Meta, Microsoft and Hugging Face.
- The Dell AI Factory with N VIDIA includes the new PowerEdge XE9680L server, which offers direct liquid cooling in a 4U form factor and can support 72 NVIDIA Blackwell GPUs in a single rack – 33% more GPU density per node compared to the XE9680.
- Dell PowerStore software updates give customers up to a 66% performance boost, native sync replication for file and block and improved multicloud data mobility capabilities.
- New AI PCs are Copilot+ and powered by Qualcomm Snapdragon® X Elite and Snapdragon® X Plus processors, delivering exceptional battery life and AI performance.
Operating Segments Results
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| Three Months Ended |
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| ||
|
| May 3, 2024 |
| May 5, 2023 |
| Change |
|
| (in millions, except percentages;
| ||||
Infrastructure Solutions Group (ISG): |
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Net revenue: |
|
|
|
|
|
Servers and networking | $ 5,466 |
| $ 3,837 |
| 42 % |
Storage | 3,761 |
| 3,756 |
| — % |
Total ISG net revenue | $ 9,227 |
| $ 7,593 |
| 22 % |
|
|
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|
|
|
Operating Income: |
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|
|
ISG operating income | $ 736 |
| $ 740 |
| (1) % |
% of ISG net revenue | 8.0 % |
| 9.7 % |
|
|
% of total reportable segment operating income | 50 % |
| 45 % |
|
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|
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|
|
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|
Client Solutions Group (CSG): |
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|
|
|
Net revenue: |
|
|
|
|
|
Commercial | $ 10,154 |
| $ 9,862 |
| 3 % |
| Consumer | 1,813 |
| 2,121 |
| (15) % |
| Total CSG net revenue | $ 11,967 |
| $ 11,983 |
| — % |
|
|
|
|
|
|
|
| Operating Income: |
|
|
|
|
|
| CSG operating income | $ 732 |
| $ 892 |
| (18) % |
| % of CSG net revenue | 6.1 % |
| 7.4 % |
|
|
| % of total reportable segment operating income | 50 % |
| 55 % |
|
|
