Dell Technologies Reports Fiscal Year 2018 First Quarter Financial Results

 

 

 

DELL TECHNOLOGIES INC.

Segment Information

(in millions, except percentages; unaudited)

           
 

Three Months Ended

   
 

May 5, 2017

 

April 29, 2016

 

Change

Client Solutions Group (CSG):

         

Net Revenue:

         

  Commercial

$          6,350

 

$              6,145

 

3 %

  Consumer

2,706

 

2,426

 

12 %

  Total CSG net revenue

$          9,056

 

$              8,571

 

6 %

           

Operating Income:

         

  CSG operating income

$             374

 

$                 385

 

(3)%

  % of CSG net revenue

4 %

 

4 %

   

  % of total segment operating income

32 %

 

67 %

   
           

Infrastructure Solutions Group (ISG):

         

Net Revenue:

         

  Servers and networking

$          3,231

 

$              3,075

 

5 %

  Storage

3,685

 

538

 

585 %

  Total ISG net revenue

$          6,916

 

$              3,613

 

91 %

           

Operating Income:

         

  ISG operating income

$             323

 

$                 192

 

68 %

  % of ISG net revenue

5 %

 

5 %

   

  % of total segment operating income

27 %

 

33 %

   
           

VMware:

         

Net Revenue:

         

  Total VMware net revenue

$          1,736

 

$                   —

 

NA

           

Operating Income:

         

  VMware operating income

$             486

 

$                   —

 

NA

  % of VMware net revenue

28 %

 

NA

   

  % of total segment operating income

41 %

 

NA

   
           

Reconciliation to consolidated net revenue:

         

Reportable segment net revenue

$        17,708

 

$            12,184

   

  Other businesses (a)

462

 

110

   

  Unallocated transactions (b)

1

 

25

   

  Impact of purchase accounting (c)

(355)

 

(78)

   

  Total net revenue

$        17,816

 

$            12,241

   
           

Reconciliation to consolidated operating income (loss):

         

Reportable segment operating income

$          1,183

 

$                 577

   

  Other businesses (a)

3

 

(16)

   

  Unallocated transactions (b)

11

 

(22)

   

  Impact of purchase accounting (c)

(423)

 

(106)

   

  Amortization of intangibles

(1,776)

 

(491)

   

  Transaction-related expenses (d)

(191)

 

(57)

   

  Other corporate expenses(e)

(307)

 

(24)

   

  Total operating loss

$        (1,500)

 

$                (139)

   

_________________

         

(a) Other businesses consist of RSA Information Security, SecureWorks, Pivotal, and Boomi offerings, and do not constitute a reportable segment, either individually or collectively, as the results of the businesses are not material to the Company's overall results and the businesses do not meet the criteria for reportable segments.

(b) Unallocated transactions includes long-term incentives, certain short-term incentive compensation expenses, and other corporate items that are not allocated to Dell Technologies' reportable segments.

(c) Impact of purchase accounting includes non-cash purchase accounting adjustments that are primarily related to the EMC merger transaction.

(d) Transaction-related expenses includes acquisition, integration, and divestiture related costs.

(e) Other corporate expenses includes severance and facility action costs as well as stock-based compensation expense.


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



Review Article Be the first to review this article


Featured Video
Latest Blog Posts
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
10 Mid-January 2021 Economic Nuggets
Jobs
Senior Highway Engineer for RS&H at Jacksonville, Florida
Sr. Design Technician for CEC at Oklahoma City, Oklahoma
Sr. Application Engineer for Watts Water Technologies at San Antonio, Texas
Systems Engineer for Watts Water Technologies at Blauvelt, New York
Business Analyst - eCommerce for ESRI at Redlands, California
ArcGIS Online Product Engineer for REST API for ESRI at Redlands, California
Upcoming Events
DCW - Digital Construction Week at Excel London United Kingdom - May 19 - 20, 2021
World Architecture Festival at United States - Jun 23 - 25, 2021
ICSD 2021 : 9th International Conference on Sustainable Development, 8 - 9 September Rome, Italy at Roma Eventi, Pontifical Gregorian University Piazza della Pilotta, 4 Rome Rome Italy - Sep 8 - 9, 2021
Urban Planning & Architectural Design for Sustainable Development – 6th Edition at University of Florence Florence Italy - Sep 14 - 16, 2021
Kenesto: 30 day trial
Digital Cities
CADalog.com - Countless CAD add-ons, plug-ins and more.



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise