Dell Technologies Reports Fiscal Year 2020 Fourth Quarter and Full Year Financial Results

ROUND ROCK, Texas, Feb. 27, 2020 — (PRNewswire) —

News summary

  • Record full year revenue of $92.2 billion
  • Full year net income of $5.5 billion; adjusted EBITDA of $11.8 billion
  • Record Client Solutions Group full year revenue of $45.8 billion
  • Share repurchase program of up to $1 billion over the next 24 months

Full story
Dell Technologies (NYSE: DELL) announces financial results for its fiscal 2020 fourth quarter and full year.

Fourth quarter revenue was $24.0 billion, up 1 percent, and non-GAAP revenue was $24.1 billion, up 1 percent, over the same period last year. During the quarter, the company generated operating income of $717 million, a 117 percent increase over the same period in the prior year, and non-GAAP operating income of $2.8 billion, up 4 percent over the prior year. Net income was $416 million or approximately 2 percent of revenue. Non-GAAP net income was $1.7 billion or 7 percent of non-GAAP revenue. Diluted earnings per share was $0.54 and non-GAAP diluted earnings per share was $2.00.

For the full year, revenue was $92.2 billion, up 2 percent, and non-GAAP revenue was $92.5 billion, up 1 percent, over the prior year. The company increased its operating income to $2.6 billion from a $0.2 billion loss in the prior year and generated non-GAAP operating income of $10.1 billion, up 15 percent over the prior year. Cash flow from operations was $9.3 billion, up 33 percent from fiscal year 2019. For the full year, net income was $5.5 billion and non-GAAP net income was $6.1 billion. Diluted earnings per share was $6.03 and non-GAAP diluted earnings per share was $7.35.

"In fiscal 2020, we focused on integration and simplicity across our businesses and product portfolio to accelerate winning go-to-market solutions for our customers," said Jeff Clarke, chief operating officer, Dell Technologies. "With more than $180 billion in revenue over the past two years and significant investments in research, innovation and breadth of capability, we have a uniquely advantaged position heading into the next digital decade."

Fourth Quarter and Full Year Fiscal 2020 Financial Results



Three Months Ended




Fiscal Year Ended




January 31,
2020


February 1,
2019


Change


January 31,
2020


February 1,

2019


Change



(in millions, except percentages; unaudited)


Total net revenue

$

24,032


$

23,841


1%


$

92,154


$

90,621


2%

Operating income (loss)

$

717


$

331


117%


$

2,622


$

(191)


NM

Net income (loss)

$

416


$

(287)


245%


$

5,529


$

(2,181)


354%

















Non-GAAP net revenue

$

24,129


$

24,008


1%


$

92,501


$

91,324


1%

Non-GAAP operating income

$

2,767


$

2,656


4%


$

10,148


$

8,854


15%

Non-GAAP net income

$

1,684


$

1,592


6%


$

6,089


$

5,227


16%

Adjusted EBITDA

$

3,201


$

3,028


6%


$

11,787


$

10,296


14%


Information about Dell Technologies' use of non-GAAP financial information is provided under "Non-GAAP Financial Measures" below. All comparisons in this press release are year-over-year unless otherwise noted.


1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13  Next Page »



Review Article Be the first to review this article
Aldec

Featured Video
Jobs
Senior Account Managers… FORMAL VERIFICATION...VALLEY for EDA Careers at San Jose, California
Senior and (less) Senior Design Verification Engineers for EDA Careers at San Jose and Austin, California
Senior Software Engineer for EDA Careers at San Jose, California
Sr. Application Engineer for Mentor Graphics at Fremont, California
Upcoming Events
Linley Spring Processor Conference at Virtual Event CA - Apr 6 - 9, 2020
Embedded Vision Summit 2020 at Santa Clara Convention Center Santa Clara CA - May 18 - 21, 2020
Sensors Expo & Conference at McEnery Convention Center 150 W. San Carlos Street SAN JOSE CA - Jun 22 - 24, 2020
Nanotech 2020 Conference and Expo at National Harbor MD - Jun 29 - 1, 2020



© 2020 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 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