Future-of-Work Solutions Power Dell Technologies' Record First Quarter Fiscal 2022 Financial Results

ROUND ROCK, Texas, May 27, 2021 — (PRNewswire) —

News summary

  • Record first quarter revenue of $24.5 billion, up 12%, driven by growth across Infrastructure Solutions, Client Solutions and VMware business units
  • Record first quarter operating income of $1.4 billion, up 96%, and record first quarter non-GAAP operating income of $2.7 billion, up 26%
  • Diluted earnings per share up 495% to $1.13, non-GAAP diluted earnings per share up 59% to $2.13

Full story

Dell Technologies (NYSE: DELL) announces record financial results for its fiscal 2022 first quarter. Revenue was up 12% to $24.5 billion. The company generated operating income of $1.4 billion, a 96% increase over the same period in the prior year, and non-GAAP operating income of $2.7 billion, up 26%. Net income was $938 million, non-GAAP net income was $1.8 billion and adjusted EBITDA was $3.2 billion. Net cash from operating activities was $2.2 billion. Diluted earnings per share was $1.13, up 495% and non-GAAP diluted earnings per share was $2.13, up 59%.

"There has been a substantial acceleration in digital transformation across the globe and you can see it in our results with record first quarter revenue of $24.5 billion. Now more than ever, customers are turning to Dell Technologies to help build their digital future," said Jeff Clarke, chief operating officer and vice chairman, Dell Technologies. "Looking ahead, we see technology becoming increasingly central to the global economy and society. We're excited for the opportunities ahead and for the data-fueled future we're creating."

First Quarter Fiscal 2022 Financial Results



Three Months Ended




April 30, 2021


May 1, 2020


Change


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

Total net revenue

$

24,487



$

21,897



12%

Operating income

$

1,375



$

702



96%

Net income

$

938



$

182



415%

Earnings per share - diluted

$

1.13



$

0.19



495%







Non-GAAP net revenue

$

24,499



$

21,945



12%

Non-GAAP operating income

$

2,714



$

2,161



26%

Non-GAAP net income

$

1,819



$

1,143



59%

Adjusted EBITDA

$

3,235



$

2,607



24%

Non-GAAP earnings per share - diluted

$

2.13



$

1.34



59%












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