Dell Technologies Reports Fiscal Year 2018 Third Quarter Financial Results

(PRNewswire) —                                                     

Dell Technologies

News summary

  • Third quarter revenue of $19.6 billion, non-GAAP revenue of $19.9 billion
  • Cash flow from operations of $1.6 billion
  • Company unveils new capabilities and offerings, including new midrange storage solutions and Future-Proof Storage Loyalty Program

Full story

Dell Technologies (NYSE: DVMT) announces its fiscal 2018 third quarter results. For the third quarter, consolidated revenue was $19.6 billion and non-GAAP revenue was $19.9 billion. During the quarter, the company generated an operating loss of $533 million1, with non-GAAP operating income of $2.0 billion. The company generated cash flow from operations of $1.6 billion.

"In the third fiscal quarter, we delivered solid performance across the business," said Tom Sweet, chief financial officer, Dell Technologies. "Moving forward, we'll maintain our focus on profitable growth, generating strong cash flow and delivering a comprehensive and seamless solutions portfolio, incorporating the capabilities of all of the companies under Dell Technologies."

Fiscal year 2018 third quarter results:






















Three Months Ended




Nine Months Ended




November 3, 2017


October 28, 2016


Change


November 3, 2017


October 28, 2016


Change


(in millions, except percentages; unaudited)













Net revenue

$             19,610


$           16,247


21 %


$             56,725


$             41,568


36 %

Operating loss

$                (533)


$           (1,512)


65 %


$             (3,012)


$             (1,584)


(90)%

Net loss from continuing operations

$                (941)


$           (1,637)


43 %


$             (3,302)


$             (2,323)


(42)%













Non-GAAP net revenue

$             19,905


$           16,777


19 %


$             57,710


$             42,241


37 %

Non-GAAP operating income

$               1,986


$             1,975


1 %


$               4,735


$               3,270


45 %

Non-GAAP net income from continuing operations

$               1,109


$                970


14 %


$               2,563


$               1,596


61 %

Adjusted EBITDA

$               2,318


$             2,230


4 %


$               5,751


$               3,757


53 %


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



Review Article Be the first to review this article


Featured Video
Jobs
Mid-Level Mechanical Engineer for Kiewit at lenexa, Kansas
Mechanical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Upcoming Events
International Conference on Geomatics, Geomapplica 2018 at Syros - Mykonos islands Greece - Jun 25 - 29, 2018
18 International Multidisciplinary Scientific GeoConference SGEM 2018 at Paradise Blue 5 *****, Congress Center Albena Resort & Spa Bulgaria - Jun 30 - 9, 2018
2018 Esri User Conference at San Diego Convention Center San Diego CA - Jul 9 - 13, 2018
SUE Association at Capitol Skyline Hotel 10 “I” Eye Street, SW Washington, DC - Jul 26, 2018
LaserTech
Teledyne Optech
Teledyne:
Interdrone 2018



Internet Business Systems © 2018 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