Dell Technologies Fiscal Year 2024 Second Quarter Results

Overview

Dell Technologies announced its financial results for its fiscal 2024 second quarter on August 31, 2023.

The company reported revenue of $26.1 billion, a 1% increase from the same quarter last year. Net income was $1.5 billion, a 16% decrease from the previous year.

Key Highlights

• Revenue increased 1% year-over-year to $26.1 billion.
• Net income decreased 16% year-over-year to $1.5 billion.
• Earnings per share were $1.40, a 17% decrease from the previous year.
• Cash flow from operations was $2.2 billion, a 22% decrease from the previous year.

Outlook

Dell Technologies expects revenue to grow 2-4% in fiscal 2024.

The company also expects non-GAAP earnings per share to be $5.80-$6.00 in fiscal 2024.

Analyst Commentary

Analysts are mixed on Dell Technologies' results.

Some analysts believe that the company's results were disappointing, while others believe that the company's outlook is positive.

Overall, the consensus among analysts is that Dell Technologies is a well-positioned company with a strong future.