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

 

DELL TECHNOLOGIES INC.
Selected Non-GAAP Financial Measures
(in
millions, except per share amounts and percentages; unaudited)



Three Months Ended




April 30, 2021


May 1, 2020


Change

Non-GAAP net revenue

$

24,499


$

21,945


12%

Non-GAAP gross margin

$

8,018


$

7,325


9%

% of non-GAAP net revenue

33

%


33

%



Non-GAAP operating expenses

$

5,304


$

5,164


3%

% of non-GAAP net revenue

22

%


24

%



Non-GAAP operating income

$

2,714


$

2,161


26%

% of non-GAAP net revenue

11

%


10

%



Non-GAAP net income

$

1,819


$

1,143


59%

% of non-GAAP net revenue

7

%


5

%



Adjusted EBITDA

$

3,235


$

2,607


24%

% of non-GAAP net revenue

13

%


12

%



Non-GAAP earnings per share - diluted

$

2.13


$

1.34


59%











 

 

DELL TECHNOLOGIES INC.
Reconciliation of Selected Non-GAAP Financial Measures
(in millions, except percentages; unaudited; continued on next page)



Three Months Ended




April 30, 2021


May 1, 2020


Change

Net revenue

$

24,487



$

21,897



12%

Non-GAAP adjustments:






Impact of purchase accounting

12



48




Non-GAAP net revenue

$

24,499



$

21,945



12%







Gross margin

$

7,658



$

6,853



12%

Non-GAAP adjustments:






Amortization of intangibles

276



372




Impact of purchase accounting

13



51




Transaction-related expenses






Stock-based compensation expense

58



40




Other corporate expenses

13



9




Non-GAAP gross margin

$

8,018



$

7,325



9%







Operating expenses

$

6,283



$

6,151



2%

Non-GAAP adjustments:






Amortization of intangibles

(433)



(483)




Impact of purchase accounting

(12)



(12)




Transaction-related expenses

(51)



(76)




Stock-based compensation expense

(377)



(330)




Other corporate expenses

(106)



(86)




Non-GAAP operating expenses

$

5,304



$

5,164



3%







Operating income

$

1,375



$

702



96%

Non-GAAP adjustments:






Amortization of intangibles

709



855




Impact of purchase accounting

25



63




Transaction-related expenses

51



76




Stock-based compensation expense

435



370




Other corporate expenses

119



95




Non-GAAP operating income

$

2,714



$

2,161



26%


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12  Next Page »



Review Article Be the first to review this article



© 2022 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise