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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