Dell Technologies inked a multiyear deal with General Electric, making it the primary IT infrastructure supplier for GE, Dell executives said during the company’s second quarter fiscal year 2018 earnings call.
Dell EMC President David Goulden called it “a landmark partnership,” and “one of the largest non-government contracts in our history.”
The company did not disclose financial terms of the deal, which will include Dell EMC servers, storage, backup, and related services.
The earnings call today marked the one-year anniversary of the Dell and EMC merger, which created the world’s largest privately-controlled technology company. Its brands include Dell, Dell EMC, Pivotal, RSA, SecureWorks, Virtustream, and VMware.
Dell Technologies reported revenue of $19.3 billion and an operating loss of $1 billion, compared to $17.8 billion in revenue and a $1.5 billion operating loss in the previous period. Strong server, hyperconverged infrastructure (HCI), and all-flash storage sales helped drive revenue growth.
Dell EMC generated $7.4 billion in revenue, up 7 percent quarter-over-quarter. Server and networking revenue was $3.7 billion, which was a 16 percent sequential and year-over-year increase. Storage revenue was $3.7 billion for the latest quarter.
“In all-flash, we continue to see good growth at scale at almost two times the size of our nearest competitor,” Goulden said, adding that HCI, in partnership with VMware, is another strong-growth area. “Our hyperconverged portfolio continues to grow triple digits with strength in both XC and VxRail. Since the global launch of VxRail in March 2016, we sold more than 14,000 nodes to more than 2,000 customers.”
Dell Technologies also paid down $1 billion of core debt during the quarter. Since completing the EMC deal, the company has repaid about $9.5 billion in gross debt, excluding Dell Financial Services-related debt.