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Dell Technologies Remains Top Enterprise Storage Supplier Despite Revenue Decline

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By Trey Thoelcke Updated Published
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Dell Technologies Remains Top Enterprise Storage Supplier Despite Revenue Decline

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[cnxvideo id=”507121″ placement=”ros”]The latest data from the International Data Corporation (IDC) Worldwide Quarterly Enterprise Storage Systems Tracker shows that total worldwide enterprise storage systems factory revenue was $11.1 billion in the fourth quarter of 2016. That was down 6.7% from the previous year. However, total capacity shipments were 18.3% higher year over year to 52.4 exabytes during the quarter.

According to the IDC:

Revenue growth increased within the group of original design manufacturers (ODMs) that sell directly to hyperscale datacenters. This portion of the market was up 3.2% year over year to $1.2 billion. Sales of server-based storage declined 7.8% during the quarter and accounted for $3.4 billion in revenue. External storage systems remained the largest market segment, but the $6.4 billion in sales represented a year-over-year decline of 7.8%.

Despite the impact of headwinds on the broader enterprise storage systems market, companies continue to increase their investments in some key areas, including software-defined storage, cloud-based storage, all flash storage systems and converged systems.

[nativounit]

The largest external enterprise storage systems supplier during the quarter, accounting for 32.9% of worldwide revenues, was Dell Technologies Inc. (NYSE: DVMT). Its $2.12 billion in revenue was down 17.3% from a year ago. In a statistical tie for second place were Hewlett Packard Enterprise Co. (NYSE: HPE), International Business Machines Corp. (NYSE: IBM) and NetApp Inc. (NASDAQ: NTAP), with about a 10% share of the revenue each. As with Dell, and all suppliers overall, revenue declined year over year for these three as well. Fifth place Hitachi had 7% revenue share.

When Hewlett Packard Enterprise reported mixed fiscal first-quarter financial results last week, it specified three headwinds as having an impact on the outlook for 2017: increased pressure from foreign exchange movements, higher commodities pricing and some near-term execution issues.

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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