Dell Q1 2022 Earnings Report
Key Takeaways
Dell Technologies announced 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%. Diluted earnings per share was $1.13, up 495% and non-GAAP diluted earnings per share was $2.13, up 59%.
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
Dell Technologies ended the quarter with remaining performance obligations of $42 billion and cash and investments of $15.9 billion
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Dell Revenue by Segment
Forward Guidance
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income