DELL TECHNOLOGIES INC.

Segment Information

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

Three Months Ended

Six Months Ended

July 31, 2020

August 2, 2019

Change

July 31, 2020

Change

Infrastructure Solutions Group (ISG):

Net Revenue:

  Servers and networking

$

4,196

$

4,437

(5)%

$

7,954

$

8,617

(8)%

  Storage

4,011

4,184

(4)%

7,822

8,206

(5)%

  Total ISG net revenue

$

8,207

$

8,621

(5)%

$

15,776

$

16,823

(6)%

Operating Income:

  ISG operating income

$

973

$

1,050

(7)%

$

1,705

$

1,893

(10)%

  % of ISG net revenue

12%

12%

11%

11%

  % of total reportable segment operating income

38%

38%

36%

38%

Client Solutions Group (CSG):

Net Revenue:

  Commercial

$

8,039

$

9,077

(11)%

$

16,673

$

17,384

(4)%

  Consumer

3,164

2,671

18%

5,634

5,274

7%

  Total CSG net revenue

$

11,203

$

11,748

(5)%

$

22,307

$

22,658

(2)%

Operating Income:

  CSG operating income

$

715

$

982

(27)%

$

1,307

$

1,775

(26)%

  % of CSG net revenue

6%

8%

6%

8%

  % of total reportable segment operating income

28%

35%

28%

35%

VMware (a):

Net Revenue:

Total VMware net revenue

$

2,908

$

2,651

10%

$

5,663

$

5,108

11%

Operating Income:

  VMware operating income

$

894

$

751

19%

$

1,667

$

1,346

24%

  % of VMware net revenue

31%

28%

29%

26%

  % of total reportable segment operating income

35%

27%

36%

27%