Breaking News

be quiet! enters high-end gaming mouse market with Dark Perk Ergo and Dark Perk Sym ASUS ROG announces ROG Strix GS-BE7200 Dual-Band WiFi 7 Gaming Router Transcend Launches RDE3 microSD Express Card Reader for Next-Generation High-Speed Performance Akasa Unleashes Six New Low-Profile CPU Coolers Up to 165W TDP Cooling in Compact Form Factors SWIT announces Powercell Battery Series for Sony, Canon, Nikon, and Fujifilm Cameras

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Dell Revenue Rises 9 Percent Lifted by Sales of Servers and Networking Devices

Dell Revenue Rises 9 Percent Lifted by Sales of Servers and Networking Devices

Enterprise & IT Feb 28,2019 0

Dell Technologies reported on Thursday a nearly 9 percent rise in quarterly revenue in its first earnings report since a return to public markets.

For the fourth quarter, Dell's revenue was $23.8 billion, up 9 percent, and non-GAAP revenue was $24.0 billion, up 8 percent over the same period in the prior year. During the quarter, the company generated operating income of $331 million, versus an operating loss of $69 million in the fourth quarter of the prior year. Fourth quarter non-GAAP operating income was $2.7 billion. Cash flow from operations was approximately $2.4 billion.

For the full year, revenue was $90.6 billion, up 15 percent, and non-GAAP revenue was $91.3 billion, up 14 percent over the prior year. The company reduced its operating loss by 92 percent to $191 million, and generated a non-GAAP operating income of $8.9 billion, up 14 percent over the prior year. Cash flow from operations was $7.0 billion. During the year, net loss decreased 25 percent to $2.1 billion and adjusted EBITDA increased 13 percent to $10.3 billion.

The company returned to public markets on Dec. 28 after it bought back interest tied to the performance of software maker VMware.

"I am pleased with our strong fourth quarter and fiscal 2019 velocity and financial performance, including double-digit revenue growth for the year across all three business units and profitable share gains across our portfolio," said Tom Sweet, chief financial officer, Dell Technologies. "In fiscal 2020 we'll continue to run the business in a disciplined way. We will remain focused on generating long-term relative growth, share gain and cash flow while driving long-term value for shareholders and serving our customers' full range of needs."

Revenue in its Infrastructure Solutions Group, which houses its servers and network device business, rose 10 percent to $9.9 billion.

Client Solutions Group segment revenue rose 4 percent to $10.9 billion. The unit holds its desktop PCs, notebooks and tablets, as well as branded peripherals business.

Total revenue rose to $23.84 billion from $21.96 billion.

VMware revenue was $2.6 billion for the quarter, up 17 percent, and $9.1 billion for the full year, up 14 percent. Operating income for the quarter was $872 million, or 33 percent of VMware revenue, and $3.0 billion for the full year, or 33 percent of VMware revenue.

Tags: Dellfinance
Previous Post
U.S. Music Industry Experienced Third Year of Consecutive Growth
Next Post
Huawei Pleads Not Guilty to U.S. Trade Secret Theft

Related Posts

  • Dell introduces new monitor lineup for CES 2023, including world’s first 6K-resolution monitor

  • Dell Announces the New Gold Standard for Entry Storage

  • XPS 13 Reinvents Itself, Embracing Simplicity as the New Premium

  • Dell Announces 2021 Inspiron Series and XPS 13 with OLED Display

  • Transform Your Work Experience With New Dell Monitors

  • Dell to out new S2721DGF Monitor, HDR400 2560x1440 at 144 Hz

  • Dell Introduces new 27-inch curved and flat panel gaming monitors

  • SoftBank Reports $18 Billion Loss from Vision Fund

Latest News

be quiet! enters high-end gaming mouse market with Dark Perk Ergo and Dark Perk Sym
Gaming

be quiet! enters high-end gaming mouse market with Dark Perk Ergo and Dark Perk Sym

ASUS ROG announces ROG Strix GS-BE7200 Dual-Band WiFi 7 Gaming Router
Enterprise & IT

ASUS ROG announces ROG Strix GS-BE7200 Dual-Band WiFi 7 Gaming Router

Transcend Launches RDE3 microSD Express Card Reader for Next-Generation High-Speed Performance
Cameras

Transcend Launches RDE3 microSD Express Card Reader for Next-Generation High-Speed Performance

Akasa Unleashes Six New Low-Profile CPU Coolers Up to 165W TDP Cooling in Compact Form Factors
Cooling Systems

Akasa Unleashes Six New Low-Profile CPU Coolers Up to 165W TDP Cooling in Compact Form Factors

SWIT announces Powercell Battery Series for Sony, Canon, Nikon, and Fujifilm Cameras
Cameras

SWIT announces Powercell Battery Series for Sony, Canon, Nikon, and Fujifilm Cameras

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed