Dell Technologies Delivers Second Quarter Fiscal 2024 Financial Results

 

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



Three Months Ended




Six Months Ended




August 4, 2023


July 29, 2022


Change


August 4, 2023


July 29, 2022


Change

Infrastructure Solutions Group (ISG):












Net revenue:












Servers and networking

$   4,274


$   5,209


(18) %


$   8,111


$ 10,257


(21) %

Storage

4,187


4,327


(3) %


7,943


8,564


(7) %

Total ISG net revenue

$   8,461


$   9,536


(11) %


$ 16,054


$ 18,821


(15) %













Operating Income:












ISG operating income

$   1,049


$   1,046


— %


$   1,789


$   2,128


(16) %

% of ISG net revenue

12.4 %


11.0 %




11.1 %


11.3 %



% of total reportable segment operating income

52 %


52 %




49 %


50 %















Client Solutions Group (CSG):












Net revenue:












Commercial

$ 10,554


$ 12,141


(13) %


$ 20,416


$ 24,112


(15) %

Consumer

2,388


3,349


(29) %


4,509


6,965


(35) %

Total CSG net revenue

$ 12,942


$ 15,490


(16) %


$ 24,925


$ 31,077


(20) %













Operating Income:












CSG operating income

$      969


$      978


(1) %


$   1,861


$   2,093


(11) %

% of CSG net revenue

7.5 %


6.3 %




7.5 %


6.7 %



% of total reportable segment operating income

48 %


48 %




51 %


50 %






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


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