Dell Reports Fiscal Year 2014 First Quarter Financial Results

  • Revenue of $14.1 billion
  • Enterprise Solutions, Services and Software revenue up 12 percent
  • GAAP earnings of $0.07 per share; non-GAAP earnings of $0.21 per share

ROUND ROCK, Texas — (BUSINESS WIRE) — May 16, 2013 — Dell today announced fiscal 2014 first quarter results, with revenue of $14.1 billion, as the company grew revenue from Enterprise Solutions, Services and Software 12 percent year over year to $5.5 billion, or 8 percent growth, excluding the acquisition of Quest Software. Pricing adjustments that affected gross margins and continued acquisition-related costs in the quarter resulted in GAAP earnings of $0.07 per share and non-GAAP earnings of $0.21 per share.

“We made progress in building our enterprise solutions capabilities in the first quarter and are confident in our strategy to be the leading provider of end-to-end scalable solutions,” said Brian Gladden, Dell chief financial officer. “In addition, we have taken actions to improve our competitive position in key areas of the business, especially in end-user computing, and it has affected profitability. We’ll also continue to make important investments to support our strategy and drive long-term profitability.”

Results

  • Revenue in the quarter was $14.1 billion, a 2 percent decrease from the previous year.
  • GAAP operating income for the quarter was $226 million, or 1.6 percent of revenue. Non-GAAP operating income was $590 million, or 4.2 percent of revenue.
  • GAAP earnings per share in the quarter was 7 cents, down 81 percent from the previous year; non-GAAP EPS was 21 cents, down 51 percent.
  • Cash used in operations in the quarter was $39 million. On a trailing, 12-month basis, Dell has generated $3.4 billion in cash flow. Dell ended the quarter with $13.2 billion in cash and investments.

Fiscal-Year 2014 First Quarter Results

 

First Quarter

(in millions)

FY14

 

FY13

 

Change

Revenue $ 14,074   $ 14,422   (2 )%
 
Operating Income (GAAP) $ 226 $ 824 (73 )%
Net Income (GAAP) $ 130 $ 635 (79 )%
EPS (GAAP) $ 0.07 $ 0.36 (81 )%
 
Operating Income (non-GAAP) $ 590 $ 1,010 (42 )%
Net Income (non-GAAP) $ 372 $ 761 (51 )%
EPS (non-GAAP) $ 0.21 $ 0.43 (51 )%
 

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



Review Article Be the first to review this article
Trimble

Harris

Featured Video
Jobs
GIS Software Developer for UDC at Englewood, CO
GIS Analyst for G2 Partners LLC at San Ramon, CA
Structural Engineer for The Planate Management Group LLC at Perry Point, MD
ENVIRONMENTAL GRAPHIC DESIGNER for Blitz at San Francisco, CA
Vice President, Transportation Services for Associated General Contractors of New York State at Albany, NY
Structural Engineer for Albert Kahn and Associates at Detroit, MI
Upcoming Events
GIS-PRO 2017 at Jacksonville FL - Oct 23 - 26, 2017
GEO WEEK 2017 at Washington DC - Oct 23 - 27, 2017
Commercial UAV EXPO Americas at The Westgate Resort Las Vegas NV - Oct 24 - 26, 2017
6th International Colloquium on Scientific and Fundamental Aspects of GNSS / Galileo at Technical University of Valencia Valencia Spain - Oct 25 - 27, 2017
Teledyne Optech
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — 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 PolicyAdvertise