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 %


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