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Dell Reports Strong Second Quarter Financial Results Driven by Enterprise Solutions and Services
There are limitations to the use of non-GAAP financial measures. Dell's
non-GAAP financial measures may not be comparable to similarly titled
measures of other companies. Other companies, including companies in
Dell’s industry, may calculate the non-GAAP financial measures
differently than Dell does, limiting the usefulness of those measures
for comparative purposes. In addition, items such as amortization of
purchased intangible assets represent the loss in value of intangible
assets over time. The expense associated with this loss in value is not
included in the non-GAAP financial measures and such measures,
therefore, do not reflect the full economic effect of such loss.
Further, items such as severance and facility action costs and
acquisition expenses that are excluded from the non-GAAP financial
measures can have a material impact on earnings. Dell’s management
compensates for the foregoing limitations by relying on Dell’s GAAP
results and using non-GAAP financial measures supplementally or for
projections when comparable GAAP measures are not available. The
non-GAAP financial measures are not meant to be considered as indicators
of performance in isolation from or as substitutes for gross margin,
operating expenses, operating income, net income, and earnings per share
prepared in accordance with GAAP and should be read only in conjunction
with financial information presented on a GAAP basis. Dell provides
detailed reconciliations of each historical non-GAAP financial measure
to its most directly comparable GAAP measure within the financial
information included with this press release and in other written
materials that include such non-GAAP historical financial measures, and
Dell encourages investors to review the reconciliations in conjunction
with the presentation of any historical non-GAAP financial measures.
Contact:
Dell
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