Dell Technologies Delivers Fourth Quarter and Full Year Fiscal 2023 Financial Results

 

DELL TECHNOLOGIES INC.
Segment Information
(in millions, except percentages; unaudited; continued on next page)



Three Months Ended




Fiscal Year Ended




February 3,
2023


January 28,
2022


Change


February 3,
2023


January 28,
2022


Change

Infrastructure Solutions Group (ISG):

Net revenue:












Servers and networking

$           4,940


$           4,720


5 %


$         20,398


$         17,901


14 %

Storage

4,965


4,499


10 %


17,958


16,465


9 %

Total ISG net revenue

$           9,905


$           9,219


7 %


$         38,356


$         34,366


12 %













Operating Income:












ISG operating income

$           1,543


$           1,102


40 %


$           5,045


$           3,736


35 %

% of ISG net revenue

15.6 %


12.0 %




13.2 %


10.9 %



% of total reportable segment operating income

70 %


49 %




57 %


46 %















Client Solutions Group (CSG):

Net revenue:












Commercial

$         10,697


$         12,891


(17) %


$         45,556


$         45,576


0 %

Consumer

2,664


4,438


(40) %


12,657


15,888


(20) %

Total CSG net revenue

$         13,361


$         17,329


(23) %


$         58,213


$         61,464


(5) %













Operating Income:












CSG operating income

$               671


$           1,157


(42) %


$           3,824


$           4,365


(12) %

% of CSG net revenue

5.0 %


6.7 %




6.6 %


7.1 %



% of total reportable segment operating income

30 %


51 %




43 %


54 %




                                                       Amounts are based on underlying data and may not visually foot due to rounding.


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