Dell Technologies (NYSE: DELL) announces financial results for its fiscal 2024 third quarter. Revenue was$22.3 billion, down 10% year-over-year. Thecompany generated operating income of$1.5 billion and non-GAAP operating income of$2 billion, down 16% and 17% year-over-year, respectively. Diluted earnings per share was$1.36, and non-GAAP diluted earnings per share was$1.88. Cash flow from operations for the third quarter was$2.2 billion, driven by profitability and strong working capital performance. Thecompany has generated$9.9 billion of cash flow from operations throughout the last 12 months.

Dell ended the quarter with remaining performance obligations of$39 billion, recurring revenue of$5.6 billion, up 4% year-over-year, and deferred revenue of$29.1 billion, up 7% year-over-year, primarily due to increases in software and hardware maintenance agreements. The company's cash and investment balance was$9.9 billion. 

"We have proven our ability to generate strong cash flow through profitability and working capital efficiency, including$9.9 billion of cash flow from operations over the last twelve months," said Yvonne McGill, chief financial officer, Dell Technologies. "Our long-term financial framework and capital allocation plan continue to deliver results, with$1 billion returned to shareholders in the third quarter through share repurchases and dividends."

Third Quarter Fiscal 2024 Financial Results

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.

Infrastructure Solutions Groupdelivered third quarter revenue of$8.5 billion, flat sequentially and down 12% year-over-year. Servers and networking revenue was$4.7 billion, with 9% sequential growth driven by AI-optimized servers. Storage revenue was$3.8 billion, down 8% sequentially with demand strength in unstructured data solutions and data protection. Operating income was$1.1 billion.

Client Solutions Groupdelivered third quarter revenue of$12.3 billion, down 11% year-over-year and 5% sequentially. Commercial client revenue was$9.8 billion, and Consumer revenue was$2.4 billion. Operating income was$925 million.

"Technology is everywhere, and we continue to focus on extending our leadership positions and turning new opportunities into incremental growth," said Jeff Clarke, vice chairman and chief operating officer. "Our servers and networking business was up 9% sequentially fueled by customer interest in generative AI. And heading into FY25, we expect revenue growth given the tailwinds to our business."

Dell continued to expand its broad portfolio to help customers meet their performance, cost and security requirements across clouds, on premises and at the edge.

• The Dell Generative AI Solutions portfolioexpanded with new on-premises offerings that make GenAI implementations simpler with high-performing IT infrastructure, multicloud access and professional services.
  
• ObjectScale XF960is an all-flash, scale-out appliance for GenAI and real-time analytics based on Dell'ssoftware-defined object storage software, which can run on Linux and Red Hat Open Shift on PowerEdge servers.
• Dell'scollaboration with Metamakes it easy for customers to deploy Meta's Llama 2 models on premises with Dell's GenAI portfolio of IT infrastructure, client devices and professional services.
• Dell's collaboration with Hugging Facehelps enterprises create, fine-tune and implement their own open-source GenAI models with the Hugging Face community on Dell infrastructure products and services.
• Dell APEX Cloud Platform for Microsoft Azuresimplifies the hybrid cloud experience by helping customers extend Azure to data center and edge locations.
• Dell APEX Cloud Platform for Red Hat OpenShift, the first fully integrated application delivery platform purpose-built for Red Hat OpenShift, helps customers deploy, manage and run containers alongside virtual machines on premises.
• The Precision 7875 Toweris Dell's most scalable and powerful AMD processor-based workstation and lets companies develop and fine-tune complex GenAI models locally before deploying them at scale.

Operating Segments Results

	Three Months Ended						Nine Months Ended
	November 3, 2023		October 28, 2022		Change		November 3, 2023		October 28, 2022		Change
	(in millions, except percentages; unaudited)
Infrastructure Solutions Group (ISG):
Net revenue:
Servers and networking	$     4,656		$    5,201		(10)%		$   12,767		$  15,458		(17)%
Storage	3,843		4,429		(13)%		11,786		12,993		(9)%
Total ISG net revenue	$     8,499		$    9,630		(12)%		$   24,553		$  28,451		(14)%
Operating Income:
ISG operating income	$     1,069		$    1,374		(22)%		$      2,858		$    3,502		(18)%
% of ISG net revenue	12.6 %		14.3 %				11.6  %		12.3 %
% of total reportable segment operating income	54 %		56 %				51 %		Précédent:I tested the best Mint alternatives, and this is my new favorite budgeting app Suivant:Finland's strategy to lead the metaverse Industry by 2035 Tags chauds: Inscrivez-vous par courriel maintenant pour le Stock de Promotion hebdomadaire 100% free, Unsubscribe any time! Ordering Guide Comment acheter? Notre garantie Guide de livraison Politique de retour Service après-vente Taxes, douanes et droits de douane Terms and Conditions Private Policy Ressources ressources Le Blog Télécharger Cisco GPL Téléchargements de fiches techniques EoS et EoL produits À propos de nous Qui sommes nous? Contactez nous Mon compte Plan du site Ordering Guide Comment acheter? Notre garantie Guide de livraison Politique de retour Service après-vente Taxes, douanes et droits de douane Terms and Conditions Private Policy Ressources ressources Le Blog Télécharger Cisco GPL Téléchargements de fiches techniques EoS et EoL produits À propos de nous Qui sommes nous? Contactez nous Mon compte Plan du site Add 1: Room 605 6/F FA YUEN Commercial Building, 75-77 FA YUEN Street, Mongkok KL, HongKong Add 2: Room 405, Building E, MeiDu Building, Gong Shu District, Hangzhou City, Zhejiang Province, China Whatsapp/Tel: +8618057156223 Tél. : + 33 (0) 3 88 88 20: 0086 571 86729517 Tel à HK: 00852 66181601 Courriel:: [email protected] Copyright © 2014-2024 Hi-Network.com | HAILIAN TECHNOLOGY CO., LIMITED | All Rights Reserved. Our company's operations and information are independent of the manufacturers' positions, nor a part of any listed trademarks company.      Suivez nous!