DELL TECHNOLOGIES INC.
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| Three Months Ended |
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| Fiscal Year Ended |
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| February 3,
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| January 28,
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| Change |
| February 3,
|
| January 28,
|
| Change |
Net revenue | $ 25,039 |
| $ 27,992 |
| (11) % |
| $ 102,301 |
| $ 101,197 |
| 1 % |
Non-GAAP adjustments: |
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Impact of purchase accounting | — |
| 8 |
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| — |
| 32 |
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Non-GAAP net revenue | $ 25,039 |
| $ 28,000 |
| (11) % |
| $ 102,301 |
| $ 101,229 |
| 1 % |
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Gross margin | $ 5,756 |
| $ 5,618 |
| 2 % |
| $ 22,686 |
| $ 21,891 |
| 4 % |
Non-GAAP adjustments: |
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Amortization of intangibles | 99 |
| 150 |
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| 414 |
| 598 |
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Impact of purchase accounting | — |
| 8 |
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| 2 |
| 35 |
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Stock-based compensation expense | 40 |
| 37 |
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| 152 |
| 133 |
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Other corporate expenses | 76 |
| 5 |
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| 173 |
| 27 |
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Non-GAAP gross margin | $ 5,971 |
| $ 5,818 |
| 3 % |
| $ 23,427 |
| $ 22,684 |
| 3 % |
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Operating expenses | $ 4,567 |
| $ 4,009 |
| 14 % |
| $ 16,915 |
| $ 17,232 |
| (2) % |
Non-GAAP adjustments: |
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Amortization of intangibles | (139) |
| (173) |
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| (556) |
| (1,043) |
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Impact of purchase accounting | (11) |
| (12) |
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| (42) |
| (32) |
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Transaction-related (income) expenses | (6) |
| 22 |
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| (22) |
| (273) |
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Stock-based compensation expense | (188) |
| (179) |
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| (779) |
| (675) |
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Other corporate expenses | (422) |
| (40) |
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| (726) |
| (310) |
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Non-GAAP operating expenses | $ 3,801 |
| $ 3,627 |
| 5 % |
| $ 14,790 |
| $ 14,899 |
| (1) % |
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Operating income | $ 1,189 |
| $ 1,609 |
| (26) % |
| $ 5,771 |
| $ 4,659 |
| 24 % |
Non-GAAP adjustments: |
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Amortization of intangibles | 238 |
| 323 |
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| 970 |
| 1,641 |
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Impact of purchase accounting | 11 |
| 20 |
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| 44 |
| 67 |
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Transaction-related (income) expenses | 6 |
| (22) |
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| 22 |
| 273 |
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Stock-based compensation expense | 228 |
| 216 |
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| 931 |
| 808 |
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Other corporate expenses | 498 |
| 45 |
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| 899 |
| 337 |
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Non-GAAP operating income | $ 2,170 |
| $ 2,191 |
| (1) % |
| $ 8,637 |
| $ 7,785 |
| 11 % |