DELL TECHNOLOGIES INC.

Segment Information

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

Three Months Ended

Six Months Ended

August 2, 2019

August 3, 2018

Change

August 2, 2019

August 3, 2018

Change

Infrastructure Solutions Group (ISG):

Net Revenue:

Servers and networking

$

4,437

$

5,061

(12)%

$

8,617

$

9,646

(11)%

Storage

4,184

4,166

—%

8,206

8,248

(1)%

Total ISG net revenue

$

8,621

$

9,227

(7)%

$

16,823

$

17,894

(6)%

Operating Income:

ISG operating income

$

1,050

$

1,012

4%

$

1,893

$

1,951

(3)%

% of ISG net revenue

12

%

11

%

11

%

11

%

% of total reportable segment operating income

38

%

47

%

38

%

46

%

Client Solutions Group (CSG):

Net Revenue:

Commercial

$

9,077

$

8,109

12%

$

17,384

$

15,472

12%

Consumer

2,671

3,019

(12)%

5,274

5,927

(11)%

Total CSG net revenue

$

11,748

$

11,128

6%

$

22,658

$

21,399

6%

Operating Income:

CSG operating income

$

982

$

425

131%

$

1,775

$

958

85%

% of CSG net revenue

8

%

4

%

8

%

4

%

% of total reportable segment operating income

35

%

20

%

35

%

22

%

VMware:

Net Revenue:

Total VMware net revenue

$

2,466

$

2,194

12%

$

4,748

$

4,222

12%

Operating Income:

VMware operating income

$

762

$

736

4%

$

1,376

$

1,349

2%

% of VMware net revenue

31

%

34

%

29

%

32

%

% of total reportable segment operating income

27

%

34

%

27

%

32

%