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Showing posts with the label Dell Technologies publicizes financial results for its fiscal 2023 first quarter

Dell Technologies publicizes financial results for its fiscal 2023 first quarter

Dell Technologies  publicizes financial results for its fiscal 2023 first quarter. Revenue was a first quarter record of $26.1 billion, up 16%, with growth across Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG). The company generated record first quarter operating income of $1.6 billion, a 57% increase, and record non-GAAP operating income of $2.1 billion, up 21%. Net income from continuing operations was $1.1 billion, up 62%, and non-GAAP net income was $1.4 billion, up 36%, both driven by growth in functioning income and lower interest expense due to reduced debt balances. Thinned earnings per share was $1.37, up 63%, and non-GAAP diluted earnings per share was $1.84, up 36%.     Dell Technologies ended the quarter with remaining performance compulsions of $42 billion, up 14% year-over-year, deferred revenue of $27.4 billion, and cash and investments of $8.5 billion. Recurring revenue for the first quarter was approximately $5.3 billion,...