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SUPPLEMENTAL SELECTED NON-GAAP FINANCIAL MEASURES | |||||||||||||||||||
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These tables present information about the Company's non-GAAP net revenue, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income from continuing operations, EBITDA, and adjusted EBITDA, which are non-GAAP financial measures provided as a supplement to the results provided in accordance with generally accepted accounting principles in the United States of America ("GAAP"). A detailed discussion of Dell Technologies' reasons for including these non-GAAP financial measures, the limitations associated with these measures, the items excluded from these measures, and our reason for excluding those items are presented in "Management's Discussion and Analysis of Financial Condition and Results of Operations - Non-GAAP Financial Measures" in our periodic reports filed with the SEC. Dell Technologies encourages investors to review the non-GAAP discussion in conjunction with the presentation of non-GAAP financial measures. |
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DELL TECHNOLOGIES INC. | |||||||||||
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Selected Non-GAAP Financial Measures | |||||||||||
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(in millions, except percentages; unaudited) | |||||||||||
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Three Months Ended |
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Fiscal Year Ended |
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February 3, 2017 |
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January 29, 2016 |
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Change |
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February 3, 2017 |
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January 29, 2016 |
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Change |
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Non-GAAP net revenue |
$ 20,581 |
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$ 12,768 |
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61 % |
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$ 62,822 |
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$ 51,370 |
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22 % |
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Non-GAAP gross margin |
$ 6,595 |
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$ 2,458 |
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168 % |
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$ 16,819 |
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$ 9,307 |
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81 % |
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% of non-GAAP net revenue |
32 % |
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19 % |
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27 % |
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18 % |
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Non-GAAP operating expenses |
$ 4,752 |
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$ 1,803 |
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164 % |
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$ 11,706 |
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$ 7,082 |
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65 % |
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% of non-GAAP net revenue |
23 % |
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14 % |
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19 % |
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14 % |
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Non-GAAP operating income |
$ 1,843 |
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$ 655 |
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181 % |
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$ 5,113 |
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$ 2,225 |
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130 % |
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% of non-GAAP net revenue |
9 % |
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5 % |
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8 % |
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4 % |
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Non-GAAP net income from continuing operations |
$ 1,091 |
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$ 382 |
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186 % |
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$ 2,687 |
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$ 1,053 |
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155 % |
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% of non-GAAP net revenue |
5 % |
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3 % |
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4 % |
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2 % |
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Adjusted EBITDA |
$ 2,184 |
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$ 753 |
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190 % |
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$ 5,941 |
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$ 2,633 |
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126 % |
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% of non-GAAP net revenue |
11 % |
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6 % |
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9 % |
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5 % |
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