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."
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Fiscal year 2018 third quarter results: |
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Three Months Ended |
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Nine Months Ended |
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November 3, 2017 |
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October 28, 2016 |
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Change |
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November 3, 2017 |
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October 28, 2016 |
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Change |
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(in millions, except percentages; unaudited) | ||||||||||
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Net revenue |
$ 19,610 |
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$ 16,247 |
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21 % |
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$ 56,725 |
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$ 41,568 |
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36 % |
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Operating loss |
$ (533) |
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$ (1,512) |
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65 % |
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$ (3,012) |
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$ (1,584) |
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(90)% |
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Net loss from continuing operations |
$ (941) |
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$ (1,637) |
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43 % |
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$ (3,302) |
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$ (2,323) |
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(42)% |
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Non-GAAP net revenue |
$ 19,905 |
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$ 16,777 |
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19 % |
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$ 57,710 |
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$ 42,241 |
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37 % |
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Non-GAAP operating income |
$ 1,986 |
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$ 1,975 |
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1 % |
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$ 4,735 |
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$ 3,270 |
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45 % |
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Non-GAAP net income from continuing operations |
$ 1,109 |
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$ 970 |
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14 % |
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$ 2,563 |
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$ 1,596 |
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61 % |
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Adjusted EBITDA |
$ 2,318 |
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$ 2,230 |
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4 % |
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$ 5,751 |
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$ 3,757 |
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53 % |
