Innovation and Resiliency Drive Dell Technologies' First Quarter Fiscal 2021 Financial Results
- Dell Technologies effectively navigates COVID-19 environment with innovative products, broad capabilities, flexible supply chain and resilient global workforce
- First quarter revenue of $21.9 billion
- Operating income up 28% to $702 million, non-GAAP operating income of $2.2 billion
- Client Solutions Group revenue up 2% to $11.1 billion; VMware revenue up 12%
Dell Technologies (NYSE: DELL) announces financial results for its fiscal 2021 first quarter. First quarter revenue was $21.9 billion. During the quarter, the company generated operating income of $702 million, a 28 percent increase over the same period in the prior year, and non-GAAP operating income of $2.2 billion. Net income was $182 million, non-GAAP net income was $1.1 billion and adjusted EBITDA was $2.6 billion. Net cash used in operating activities was $0.8 billion. Diluted earnings per share was $0.19 and non-GAAP diluted earnings per share was $1.34.
"Customers need essential technology now more than ever to put business continuity, remote working and learning plans...