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Michael Dell On VMware Spin-Off, Supply Shortages And Channel Commitment

“We’ve never been more optimistic about our ability to innovate, delight customers and deliver growth, and create value for all of our shareholders in the coming years,” said Dell in an exclusive interview with CRN.

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Following Dell Technologies’ record-breaking second fiscal quarter, founder and CEO Michael Dell is bullish about his $94 billion company’s future, even with its upcoming planned spin-off of VMware and a supply chain shortage that is rocking the IT industry.

“We’ve never been more optimistic about our ability to innovate, delight customers and deliver growth, and create value for all of our shareholders in the coming years,” said Dell in an exclusive interview with CRN. “We have leadership positions in large, stable, expanding markets and strong underlying fundamentals. We’re driving a differentiated strategy to seize the tremendous growth that’s ahead of us.”

The Round Rock, Texas-based PC and infrastructure giant generated a record second quarter of $26.1 billion in revenue, up 15 percent year over year. Dell’s Client Solutions Group—which includes PCs, laptops, notebooks and monitors—climbed a whopping 27 percent year over year to $14.3 billion, with a record operating income of nearly $1 billion.

In an interview with CRN last week, Michael Dell talked about Dell’s resilience during the industry’s IT supply shortage, his commitment to channel partners amid solution provider concerns and the new remote workforce that’s sprouted from the COVID-19 pandemic.

“Nobody’s going to get a ‘Hero Award’ for being the first person back in the office,” said Dell.

Dell also talked to CRN about Dell’s upcoming spin-off of VMware. “Look, I’ll continue to be the chairman of both companies and the largest shareholder of both companies. Dell and VMware are going to partner super closely together,” he said.

 
 
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