- Revenue of $14.5 billion, flat year over year
- Enterprise Solutions, Software and Services revenue up 9 percent
- GAAP earnings of $0.12 per share; non-GAAP earnings of $0.25 per share
ROUND ROCK, Texas — (BUSINESS WIRE) — August 15, 2013 — Dell today announced fiscal 2014 second quarter results, with revenue of $14.5 billion, GAAP earnings of $0.12 per share and non-GAAP earnings of $0.25 per share. The company’s Enterprise Solutions, Services and Software (ES&S) revenue was $5.8 billion, growing 9 percent year over year, including the benefit of the Quest acquisition. In End User Computing, revenue was down 5 percent year over year.
“In a challenging environment, we remain committed to our strategy and our customers, and we’re encouraged by increasing customer interest in our end-to-end solutions offerings and continued growth in our Enterprise Solutions, Services and Software businesses,” said Brian Gladden, Dell chief financial officer.
Results
- Revenue in the quarter was $14.5 billion, flat from the previous year.
- GAAP operating income for the quarter was $272 million, or 1.9 percent of revenue. Non-GAAP operating income was $602 million, or 4.1 percent of revenue.
- GAAP earnings per share was 12 cents, down 71 percent from the previous year; non-GAAP earnings per share was 25 cents, down 50 percent.
- Cash flow from operations in the quarter was $1.7 billion. Dell ended the quarter with $13.9 billion in cash and investments.
Fiscal-Year 2014 Second Quarter Results
| Second Quarter | ||||||||||||
| (in millions) | FY14 | FY13 | Change | |||||||||
| Revenue | $ | 14,514 | $ | 14,483 | 0 | % | ||||||
| Operating Income (GAAP) | $ | 272 | $ | 901 | (70 | )% | ||||||
| Net Income (GAAP) | $ | 204 | $ | 732 | (72 | )% | ||||||
| EPS (GAAP) | $ | 0.12 | $ | 0.42 | (71 | )% | ||||||
| Operating Income (non-GAAP) | $ | 602 | $ | 1,123 | (46 | )% | ||||||
| Net Income (non-GAAP) | $ | 433 | $ | 875 | (51 | )% | ||||||
| EPS (non-GAAP) | $ | 0.25 | $ | 0.50 | (50 | )% | ||||||
