Dell Reports First Quarter Financial Results

  • Revenue of $14.4 billion
  • GAAP Earnings of $0.36 per share, non-GAAP earnings was $0.43 per share
  • Dell Enterprise Solutions and Services revenue grew 2 percent year over year to $4.5 billion

ROUND ROCK, Texas — (BUSINESS WIRE) — May 22, 2012 — Dell announced its fiscal 2013 first quarter results today, continuing to show progress in its move to being a total enterprise services and solutions provider. Revenue for the quarter was $14.4 billion, with GAAP operating income of $824 million, and earnings of $0.36 per share.

“We’re committed to continuing our strategy to re-shape Dell’s business as an end-to-end IT provider,” said Michael Dell, chairman and CEO. “We saw continued progress in our first quarter with the innovative IT solutions we’re providing – notably our latest Dell servers, storage, networking and services that deliver customers enhanced productivity.”

“We continued to shift the mix of our business during a challenging environment,” said Brian Gladden, Dell chief financial officer. “Our enterprise solutions and services businesses now account for 50 percent of our gross margin, and we’ll continue to make the necessary investments to maintain our progress.”

Results

  • Revenue in the quarter was $14.4 billion, a 4 percent decrease from the previous year.
  • GAAP earnings per share in the quarter was 36 cents, down 27 percent from the previous year; non-GAAP EPS was 43 cents, down 22 percent.
  • GAAP operating income for the quarter was $824 million, or 5.7 percent of revenue. Non-GAAP operating income was $1 billion, or 7 percent of revenue.
  • Cash used in operations in the quarter was $138 million. For the past four quarters, Dell has generated $4.9 billion in cash flow. Dell ended the quarter with $17.2 billion in cash and investments.

Fiscal-Year 2013 First Quarter Highlights

      First Quarter
(in millions) FY13       FY12       Change
Revenue $   14,422       $   15,017       (4 )%
 
Operating Income (GAAP) $ 824 $ 1,212 (32 )%
Net Income (GAAP) $ 635 $ 945 (33 )%
EPS (GAAP) $ 0.36 $ 0.49 (27 )%
 
Operating Income (non-GAAP) $ 1,010 $ 1,376 (27 )%
Net Income (non-GAAP) $ 761 $ 1,050 (28 )%
EPS (non-GAAP) $ 0.43 $ 0.55 (22 )%

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »



Review Article Be the first to review this article
Trimble Catalyst

Harris

Featured Video
Jobs
Lead Geospatial Analyst for Alion at McLean, VA
Industrial Designer Intern – Spring 2017 for Nvidia at Santa Clara, CA
Senior Mechanical Engineer for Verb Surgical at Mountain View, CA
Principal Research Mechatronics Engineer for Verb Surgical at Mountain View, CA
CAD Systems Administrator for KLA-Tencor at Milpitas, CA
Upcoming Events
Connected Cities USA at Chicago IL - Mar 29 - 30, 2017
GeoDATA 2017 All-Ireland Showcase at Croke Park Jones' Road Dublin Ireland - Mar 30, 2017
SPTechCon 2017 at Austin Texas - Apr 2 - 5, 2017
GENEQ
Teledyne Optech
Teledyne:
xponential2017
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy