⁽¹⁾ Includes the results of Dell's Fiscal 2013 acquisitions from their respective acquisition dates.

DELL INC.
Reconciliation of Non-GAAP Financial Measures
(in millions, except per share data and percentages; percentage growth rates and ratios are calculated based on underlying data in thousands)
(unaudited)

		Fiscal Year Ended								% Growth Rates
		February 1, 2013 (1)				February 3, 2012				Yr. to Yr.
GAAP gross margin		$	12,186			$	13,811			(12	)%
Non-GAAP adjustments:
Amortization of intangibles			455				305
Severance and facility actions and acquisition-related costs			67				49
Non-GAAP gross margin		$	12,708			$	14,165			(10	)%
GAAP operating expenses		$	9,174			$	9,380			(2	)%
Non-GAAP adjustments:
Amortization of intangibles			(158	)			(86	)
Severance and facility actions and acquisition-related costs			(281	)			(264	)
Non-GAAP operating expenses		$	8,735			$	9,030			(3	)%
GAAP operating income		$	3,012			$	4,431			(32	)%
Non-GAAP adjustments:
Amortization of intangibles			613				391
Severance and facility actions and acquisition-related costs			348				313
Non-GAAP operating income		$	3,973			$	5,135			(23	)%
GAAP net income		$	2,372			$	3,492			(32	)%
Non-GAAP adjustments:
Amortization of intangibles			613				391
Severance and facility actions and acquisition-related costs			348				313
Aggregate adjustment for income taxes			(316	)			(244	)
Non-GAAP net income		$	3,017			$	3,952			(24	)%
GAAP earnings per share - diluted		$	1.35			$	1.88			(28	)%
Non-GAAP adjustments per share - diluted			0.37				0.25
Non-GAAP earnings per share - diluted		$	1.72			$	2.13			(19	)%
Diluted WAS			1,755				1,853
Percentage of Total Net Revenue:
GAAP gross margin			21.4	%			22.3	%
Non-GAAP adjustment			0.9	%			0.5	%
Non-GAAP gross margin			22.3	%			22.8	%
GAAP operating expenses			16.1	%			15.2	%
Non-GAAP adjustment			(0.8	)%			(0.7	)%
Non-GAAP operating expenses			15.3	%			14.5	%
GAAP operating income			5.3	%			7.1	%
Non-GAAP adjustment			1.7	%			1.2	%
Non-GAAP operating income			7.0	%			8.3	%
GAAP net income			4.2	%			5.6	%
Non-GAAP adjustment			1.1	%			0.8	%
Non-GAAP net income			5.3	%			6.4	%

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