Dell Applied sciences Posts Second Quarter Fiscal 2021 Monetary Outcomes

ROUND ROCKC, Texas, Aug. 28, 2020 — Dell Applied sciences pronounces monetary outcomes for its fiscal 2021 second quarter. Second quarter income was $22.7 billion, and non-GAAP income was $22.8 billion. Throughout the quarter, the corporate generated working revenue of $1.1 billion, a 119 % enhance over the identical interval within the prior 12 months, and non-GAAP working revenue of $2.6 billion. Internet revenue was $1.1 billion, non-GAAP web revenue was $1.6 billion and adjusted EBITDA was $3.1 billion. Internet money from working actions was $3.3 billion. Diluted earnings per share was $1.37 and non-GAAP diluted earnings per share was $1.92.

“We offer the know-how options clients have to be productive and collaborative irrespective of the place they work or be taught, whereas delivering the data-driven insights and automation they should innovate and rework,” mentioned Jeff Clarke, vice chairman and chief working officer, Dell Applied sciences. “In Q2, we noticed energy within the authorities sector and in schooling, with orders up 16 and 24 %, respectively, as dad and mom, lecturers and faculty districts put together for a brand new frontier in digital studying.”

Second Quarter Fiscal 2021 Monetary Outcomes

Three Months Ended Six Months Ended
July 31, 2020 August 2, 2019 Change July 31, 2020 August 2, 2019 Change
(in thousands and thousands, besides per share quantities and percentages; unaudited)
Whole web income $ 22,733 $ 23,370 (3){5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} $ 44,630 $ 45,278 (1){5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05}
Working revenue $ 1,136 $ 519 119{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} $ 1,838 $ 1,069 72{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05}
Internet revenue $ 1,099 $ 4,232 (74){5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} $ 1,281 $ 4,561 (72){5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05}
Earnings per share – diluted $ 1.37 $ 4.47 (69){5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} $ 1.56 $ 4.84 (68){5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05}
Non-GAAP web income $ 22,775 $ 23,454 (3){5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} $ 44,720 $ 45,444 (2){5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05}
Non-GAAP working revenue $ 2,618 $ 2,743 (5){5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} $ 4,779 $ 4,939 (3){5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05}
Non-GAAP web revenue $ 1,621 $ 1,751 (7){5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} $ 2,764 $ 2,960 (7){5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05}
Adjusted EBITDA $ 3,100 $ 3,156 (2){5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} $ 5,707 $ 5,729 —{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05}
Non-GAAP earnings per share – diluted $ 1.92 $ 2.15 (11){5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} $ 3.26 $ 3.60 (9){5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05}

Details about Dell Applied sciences’ use of non-GAAP monetary data is supplied below “Non-GAAP Monetary Measures” beneath.  All comparisons on this press launch are year-over-year until in any other case famous.

Dell Applied sciences ended the quarter with money and investments of $12.3 billion and paid down $3.5 billion in debt in the course of the quarter. The corporate had complete deferred income of $28.8 billion in the course of the quarter, up 14 % year-over-year. Recurring income, which incorporates deferred income amortization, utility, and as-a-Service delivered as a part of Dell Applied sciences on Demand, was roughly $6 billion for the quarter, up 15 % year-over-year.

“Now greater than ever, clients want flexibility. We’re seeing elevated adoption of our portfolio delivered as-a-service by versatile consumption options, which are actually on a $1.3 billion income run-rate, up 30 % year-over-year,” mentioned Tom Candy, chief monetary officer, Dell Applied sciences. “As wants of the market shift, we proceed to execute on our technique of profitable within the consolidating markets wherein we compete and investing in long-term drivers of worth creation for Dell Applied sciences and our stakeholders.”

Working segments abstract

Consumer Options Group income for the second quarter was $11.2 billion. Working revenue was $715 million, or 6.4 % of Consumer Options Group income.  The corporate noticed continued demand for distant work and studying options. Shopper income was $3.2 billion, up 18 %, whereas industrial shopper income was $8.0 billion, down 11 %.

Key highlights:

  • Sturdy efficiency pushed by double-digit income progress throughout notebooks and shopper shopper
  • Energy within the XPS premium line and gaming techniques together with Alienware, with mixed orders progress of 25 %
  • The launch of latest clever Latitude PCs, the world’s most clever PC with built-in AI and 5G connectivity, and a reengineered industry-leading Precision workstation portfolio

Infrastructure Options Group income for the second quarter was $8.2 billion, with clients persevering with to direct extra spending in direction of distant work and enterprise continuity options. Storage income was $4.0 billion, whereas servers and networking income was $4.2 billion. Working revenue was $973 million for the second quarter, or roughly 11.9 % of Infrastructure Options Group income.

Key highlights:

  • Continued robust demand for VxRail, with double-digit orders progress for the second straight quarter. Triple-digit orders progress for high-end PowerMax answer and double-digit orders progress in Information Safety
  • The announcement of two new VxRail techniques—together with the primary ruggedized VxRail mannequin and introduction of AMD EPYC processors—bringing the ability and ease of HCI to essentially the most difficult and space-constrained edge environments
  • Introduced Dell EMC PowerScale, storage techniques that assist clients seize and capitalize on unstructured knowledge, corresponding to paperwork, pictures, movies and social media content material in core knowledge facilities, edge areas and public cloud

VMware income was $2.9 billion for the second quarter, up 10 % pushed by broad-based energy throughout a various product portfolio. Working revenue for the quarter was $894 million, or 30.7 % of VMware income.

Convention name data

As beforehand introduced, the Firm will maintain a convention name to debate its second quarter efficiency in the present day, August 27, 2020 at 4:30 p.m. CDT.  The convention name shall be broadcast dwell over the web and might be accessed at https://buyers.delltechnologies.com/events-and-presentations/upcoming-events

For these unable to take heed to the dwell broadcast, an archived model shall be obtainable on the similar location for one 12 months.

Further monetary and working data could also be downloaded from https://buyers.delltechnologies.com/financial-information/quarterly-results

About Dell Applied sciences

Dell Applied sciences helps organizations and people construct their digital future and rework how they work, dwell, and play. The corporate gives clients with the {industry}’s broadest and most modern know-how and companies portfolio for the information period.


Supply: Dell Applied sciences 

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