Dell Technologies Delivers Second Quarter Fiscal 2025 Financial Results

ROUND ROCK, Texas, Aug. 29, 2024 — (PRNewswire) —

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Dell Technologies (NYSE: DELL) announces financial results for its fiscal 2025 second quarter. Revenue was $25.0 billion, up 9% year over year. Operating income was $1.3 billion and non-GAAP operating income was $2.0 billion, up 15% and 3% year over year, respectively. Diluted earnings per share was $1.17, and non-GAAP diluted earnings per share was $1.89, up 86% and 9% year over year, respectively.

"In Q2 our combined ISG and CSG revenue was $24.1 billion, up 12% year over year, positioning us well for the second half of the year and beyond," said Yvonne McGill, chief financial officer, Dell Technologies. "Our momentum in ISG is a significant tailwind, with record ISG revenue of $11.6 billion, up 38% year over year."

Cash flow from operations was $1.3 billion. Dell returned $1 billion to shareholders through share repurchases and dividends and ended the quarter with $6.0 billion in cash and investments.

Second Quarter Fiscal 2025 Financial Results


Three Months Ended




Six Months Ended




August 2,
2024


August 4,
2023


Change


August 2,
2024


August 4,
2023


Change


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













Net revenue

$         25,026


$          22,934


9 %


$         47,270


$          43,856


8 %

Operating income

$           1,342


$            1,165


15 %


$           2,262


$            2,234


1 %

Net income

$              841


$               455


85 %


$           1,796


$            1,033


74 %

Change in cash from operating activities

$           1,340


$            3,214


(58) %


$           2,383


$            4,991


(52) %

Earnings per share - diluted

$             1.17


$              0.63


86 %


$             2.49


$              1.42


75 %













Non-GAAP operating income

$           2,034


$            1,977


3 %


$           3,508


$            3,575


(2) %

Non-GAAP net income

$           1,371


$            1,283


7 %


$           2,294


$            2,246


2 %

Adjusted free cash flow

$           1,284


$            3,050


(58) %


$           1,907


$            3,737


(49) %

Non-GAAP earnings per share - diluted

$             1.89


$              1.74


9 %


$             3.16


$              3.05


4 %


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