DELL TECHNOLOGIES INC.

Segment Information

(in millions, except percentages; unaudited; continued on next page)

Three Months Ended

May 3, 2019

May 4, 2018

Change

Infrastructure Solutions Group (ISG):

Net Revenue:

Servers and networking

$

4,180

$

4,585

(9)%

Storage

4,022

4,082

(1)%

Total ISG net revenue

$

8,202

$

8,667

(5)%

Operating Income:

ISG operating income

$

843

$

939

(10)%

% of ISG net revenue

10

%

11

%

% of total reportable segment operating income

37

%

45

%

Client Solutions Group (CSG):

Net Revenue:

Commercial

$

8,307

$

7,363

13%

Consumer

2,603

2,908

(10)%

Total CSG net revenue

$

10,910

$

10,271

6%

Operating Income:

CSG operating income

$

793

$

533

49%

% of CSG net revenue

7

%

5

%

% of total reportable segment operating income

35

%

26

%

VMware:

Net Revenue:

Total VMware net revenue

$

2,282

$

2,028

13%

Operating Income:

VMware operating income

$

614

$

613

—%

% of VMware net revenue

27

%

30

%

% of total reportable segment operating income

27

%

29

%