Dell Technologies announced record financial results with revenue up 15% to $261 billion for its fiscal 2022 second quarter, according to a press release by Dell Technologies on Thursday.
- The company generated an operating income of $1.4 billion, a 21% increase over the same period in the prior year, and Q2 recorded non-GAAP operating income of $2.8 billion, up 7%.
- Dell Technologies’ net income was $0.9 billion, non-GAAP net income was $1.9 billion, and adjusted EBITDA was $3.3 billion. Net cash from operating activities was $1.7 billion.
- Dell’s PC sales rose 27% to $14.3 billion in the fiscal second quarter spurred by the work-from-home and school-at-home trends caused by the Covid-19 pandemic to boost PC sales.
- Jeff Clark, vice chairman, and co-chief operating officer, Dell Technologies stated that the company is innovating and helping customers grow with a focus on multi-cloud solutions and modern infrastructure delivered traditionally and as-a-Service.
The company was creating long-term value by taking share, pursuing high-value growth opportunities, and profitably growing and modernizing the core business. DELL down -0.50%.