Dell Technologies Reports Fiscal Year 2019 Third Quarter Financial Results

ROUND ROCK, Texas, Nov. 29, 2018 — (PRNewswire) —                                              

News summary

  • GAAP revenue up 15 percent to $22.5 billion
  • Third consecutive quarter of double-digit growth across all reportable segments
  • Continued cross-sell synergies across the family of businesses

Full story

Dell Technologies (NYSE: DVMT) announces its fiscal 2019 third quarter results. For the third quarter, revenue was $22.5 billion, up 15 percent, and non-GAAP revenue was $22.7 billion, up 14 percent from the prior period. During the quarter, the company generated a GAAP operating loss of $356 million1, with a non-GAAP operating income of $2.1 billion, down 2 percent. Cash flow from operations was approximately $833 million.

"The digital transformation of our world is underway, and we are in the early stages of a massive, technology-led investment cycle," said Michael Dell, chairman and CEO, Dell Technologies. "Dell Technologies was created to meet this opportunity head on for our customers and our investors. You can see the proof in our strong growth, in our powerful innovation and in the depth of our customer relationships."

The company ended the third quarter with a cash and investments balance of $20.4 billion. During the quarter, Dell Technologies paid down approximately $1.3 billion of core debt2. Within the past two years, the company has paid down approximately $14.4 billion in gross debt, excluding Dell Financial Services related and subsidiary debt.

"Dell Technologies has assembled a broad set of capabilities and unique position that drive an attractive financial model," said Tom Sweet, chief financial officer, Dell Technologies. "Our third quarter of double-digit growth in all three of our reportable segments shows that our customers increasingly see us as a key partner with a deep portfolio to meet their needs, from the edge to the core to the cloud."

DELL TECHNOLOGIES INC.












Fiscal year 2019 third quarter results:























Three Months Ended




Nine Months Ended




November 2, 2018


November 3, 2017


Change


November 2, 2018


November 3, 2017


Change


(in millions, except percentages; unaudited)













Total net revenue

$

22,482


$

19,556


15 %


$

66,780


$

57,077


17 %

Operating loss

$

(356)


$

(410)


13 %


$

(522)


$

(2,347)


78 %

Net loss

$

(895)


$

(851)


(5)%


$

(1,894)


$

(2,793)


32 %













Non-GAAP net revenue

$

22,651


$

19,851


14 %


$

67,316


$

58,062


16 %

Non-GAAP operating income

$

2,064


$

2,109


(2)%


$

6,198


$

5,400


15 %

Non-GAAP net income

$

1,200


$

1,199


—%


$

3,723


$

3,072


21 %

Adjusted EBITDA

$

2,426


$

2,441


(1)%


$

7,268


$

6,416


13 %


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



Review Article Be the first to review this article
Aldec


Featured Video
Latest Blog Posts
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Functional Safety and Security in Embedded Systems
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
Phil Kaufman Award Goes on Hiatus for 2020
Colin WallsEmbedded Software
by Colin Walls
Why develop embedded software bottom up?
Jobs
Senior Java Developer/Architect for EDA Careers at Varies, North Carolina
ASIC Engineer for Amazon at seattle, Washington
IC Design Engineer - SoC Integration for Xilinx at San Jose, California
Senior Analog IC Design Engineer for Marvell Semiconductor at Santa Clara, California
Senior Application Engineer Formal Verification for EDA Careers at California or Austin, California
ASIC Design Engineer, for Apple Inc at Cupertino, California
Upcoming Events
Accellera Day India 2020 at Online Event India - Dec 2 - 3, 2020
RISC-V Summit 2020. at United States - Dec 7 - 10, 2020
SEMICON Japan 2020 Goes Virtual at Japan - Dec 11 - 18, 2020
IPC APEX EXPO 2021 at San Diego Convention Center san diego - Mar 6 - 11, 2021
Verific: SystemVerilog & VHDL Parsers
TrueCircuits:



© 2020 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise