Dell Technologies Delivers First Quarter Fiscal 2025 Financial Results

ROUND ROCK, Texas, May 30, 2024 — (PRNewswire) —

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Dell Technologies (NYSE: DELL) announces financial results for its fiscal 2025 first quarter. Revenue was $22.2 billion, up 6% year over year. Operating income was $920 million and non-GAAP operating income was $1.5 billion, down 14% and 8% year over year, respectively. Cash flow from operations was $1.0 billion. Diluted earnings per share was $1.32, and non-GAAP diluted earnings per share was $1.27, up 67% and down 3% year over year, respectively.

Dell returned $1.1 billion to shareholders through share repurchases and dividends and ended the quarter with $7.3 billion in cash and investments.

"We again demonstrated our ability to execute and deliver strong cash flow, with AI continuing to drive new growth," said Yvonne McGill, chief financial officer, Dell Technologies. "Revenue was up 6% at $22.2 billion, servers and networking revenue was up 42%, and we generated $7.9 billion of cash flow from operations over the last 12 months."

First Quarter Fiscal 2025 Financial Results


Three Months Ended




May 3, 2024


May 5, 2023


Change


(in millions, except per share amounts
and percentages; unaudited)







Net revenue

$          22,244


$           20,922


6 %

Operating income

$               920


$             1,069


(14) %

Net income

$               955


$                578


65 %

Change in cash from operating activities

$            1,043


$             1,777


(41) %

Earnings per share - diluted

$              1.32


$               0.79


67 %







Non-GAAP operating income

$            1,474


$             1,598


(8) %

Non-GAAP net income

$               923


$                963


(4) %

Adjusted free cash flow

$               623


$                687


(9) %

Non-GAAP earnings per share - diluted

$              1.27


$               1.31


(3) %


Information about Dell Technologies' use of non-GAAP financial information is provided under "Non-GAAP Financial Measures" below. All comparisons in this press release are year-over-year unless otherwise noted.


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