LAS VEGAS - Dell Technologies (NYSE:DELL) has announced enhancements to its PowerStore storage systems, promising significant performance improvements and greater efficiency. The company revealed these updates at the Dell Technologies World conference, emphasizing their commitment to innovation in storage technology.
The new PowerStore updates are said to deliver a software-driven performance increase of up to 30% and hardware performance improvements of up to 66%. These enhancements are designed to support highly demanding workloads and are available to existing customers at no extra cost.
Dell also introduced the industry's most flexible quad-level cell (QLC) storage offering, which aims to provide enterprise-class performance at a lower cost per terabyte compared to traditional models.
In addition to performance upgrades, Dell has focused on improving data protection with more replication choices for critical workloads and native metro replication for various environments. The company has also made strides in data efficiency, offering up to 20% better data reduction and more effective terabytes per watt.
Multicloud data mobility is another area of advancement, with Dell simplifying workload placement by enabling data migration between PowerStore and Dell APEX Block Storage for Public Cloud. This feature is part of Dell's strategy to support customers' multicloud approaches.
PowerStore Prime, a new integrated offering, combines these system updates with programs designed to offer customers greater storage investment protection and help partners accelerate storage opportunities. This includes a 5:1 data reduction guarantee and flexible consumption options through a Dell APEX subscription.
Furthermore, Dell has expanded its APEX portfolio with new AIOps advancements and enhanced multicloud and Kubernetes storage management. The APEX AIOps Software-as-a-Service (SaaS) is designed to optimize infrastructure health with AI-driven incident detection and automation.
Moreover, Dell APEX Navigator (ELI:NVGR) now includes Kubernetes storage management and support for APEX File Storage across public clouds.
The software enhancements for Dell PowerStore are set to be globally available in late May, with other updates rolling out through the second half of 2024. These announcements are based on a press release statement from Dell Technologies.
InvestingPro Insights
Dell Technologies (NYSE:DELL) has been making headlines with its latest PowerStore storage system enhancements, and the financial metrics reflect a company in motion. With a Market Cap of 103.98 billion USD, Dell is a significant force in the Technology Hardware, Storage & Peripherals industry. An InvestingPro Tip highlights Dell's position as a prominent player in its sector, which is relevant given the company's recent announcements at the Dell Technologies World conference.
Investors looking at Dell's valuation metrics will find the company trading at a P/E Ratio of 33.33, with an adjusted P/E ratio for the last twelve months as of Q4 2024 at 27.73. This suggests a valuation that may attract investors, especially when considering the company's low PEG Ratio of 0.96 during the same period, indicating potential for growth relative to earnings.
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