Dell Reports First Quarter Financial Results

  • Revenue of $14.4 billion
  • GAAP Earnings of $0.36 per share, non-GAAP earnings was $0.43 per share
  • Dell Enterprise Solutions and Services revenue grew 2 percent year over year to $4.5 billion

ROUND ROCK, Texas — (BUSINESS WIRE) — May 22, 2012 — Dell announced its fiscal 2013 first quarter results today, continuing to show progress in its move to being a total enterprise services and solutions provider. Revenue for the quarter was $14.4 billion, with GAAP operating income of $824 million, and earnings of $0.36 per share.

“We’re committed to continuing our strategy to re-shape Dell’s business as an end-to-end IT provider,” said Michael Dell, chairman and CEO. “We saw continued progress in our first quarter with the innovative IT solutions we’re providing – notably our latest Dell servers, storage, networking and services that deliver customers enhanced productivity.”

“We continued to shift the mix of our business during a challenging environment,” said Brian Gladden, Dell chief financial officer. “Our enterprise solutions and services businesses now account for 50 percent of our gross margin, and we’ll continue to make the necessary investments to maintain our progress.”

Results

  • Revenue in the quarter was $14.4 billion, a 4 percent decrease from the previous year.
  • GAAP earnings per share in the quarter was 36 cents, down 27 percent from the previous year; non-GAAP EPS was 43 cents, down 22 percent.
  • GAAP operating income for the quarter was $824 million, or 5.7 percent of revenue. Non-GAAP operating income was $1 billion, or 7 percent of revenue.
  • Cash used in operations in the quarter was $138 million. For the past four quarters, Dell has generated $4.9 billion in cash flow. Dell ended the quarter with $17.2 billion in cash and investments.

Fiscal-Year 2013 First Quarter Highlights

      First Quarter
(in millions) FY13       FY12       Change
Revenue $   14,422       $   15,017       (4 )%
 
Operating Income (GAAP) $ 824 $ 1,212 (32 )%
Net Income (GAAP) $ 635 $ 945 (33 )%
EPS (GAAP) $ 0.36 $ 0.49 (27 )%
 
Operating Income (non-GAAP) $ 1,010 $ 1,376 (27 )%
Net Income (non-GAAP) $ 761 $ 1,050 (28 )%
EPS (non-GAAP) $ 0.43 $ 0.55 (22 )%

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »
Featured Video
Jobs
Business Technology Analyst for Surface Water Management at Everett, Washington
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
GIS Specialist for Washington State Department of Natural Resources at Olympia, Washington
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Equipment Engineer, Raxium for Google at Fremont, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Upcoming Events
Dimensions User Conference 2024 at The Venetian Resort Las Vegas NV - Nov 11 - 13, 2024
URISA GIS Leadership Academy at Embassy Suites Fort Worth Downtown 600 Commerce Street Fort Worth, TX - Nov 18 - 22, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise