4. Storage Woes In 2020
Although still the clear cut worldwide market leader in storage, Dell Technologies had a disappointing 2020 around storage sales. With the COVID-19 pandemic forcing many companies to pause on large hardware purchases, Dell reported storage sales declines for each quarter in its fiscal year 2021, which ends Jan. 29, 2021.
Looking at each fiscal 2021 quarter in terms of year over year storage growth: Dell’s storage sales dropped 5 percent to $3.81 billion in its first quarter; fell 4 percent in its second quarter to approximately $4 billion; and declined 7 percent to $3.86 billion in its recent third quarter. Dell hasn’t witnessed year over year sales growth in more than a year.
“Our storage business was down 7 percent for the quarter, we were disappointed in that result,” said Dell’s Jeff Clarke (pictured), during the company’s third quarter earnings report in November. “Our midrange [market] is shrinking. It’s why PowerStore is so important. PowerStore is the catalyst to change our share trajectory in the midrange.”