Procurement News Notice |
|
| PNN | 7257 |
| Work Detail | Dell Technologies said its revenue rose 1 percent to $13.1 billion in its second quarter of fiscal 2017. The technology company reported operating income of $63 million, reversing an operating loss in the year-ago quarter. Dell Technologies’ adjusted EBITDA grew 31 percent to $880 million. “Our second quarter results underscore our ability to consistently balance growth and profitability, and strategically invest in areas that will drive long-term profitable growth and strong cash flow,” said Tom Sweet, chief financial officer, Dell Inc. Key Business Highlights: # 14th consecutive quarter of year-over-year share gains in PCs # Grew worldwide commercial PC’s 6.2 percent and gained 90 basis points of unit share # Consumer PC share outperformed the industry worldwide gaining 110 basis points of unit share # Servers and Networking revenue grew 1 percent year-over-year; Dell Storage SC product line revenue grew 13 percent # No. 1 worldwide flat-panel monitor provider for 13th consecutive quarter. Dell Technologies’ client solutions business revenue was $9.2 billion, flat versus the second quarter of last year. Operating income for the quarter was $484 million, a 50 percent increase. Dell Technologies said the enterprise solutions group revenue was $3.8 billion, unchanged year-over-year. Operating income for the quarter was $300 million, a 7 percent increase. Dell Technologies continued to make investments to help customers to transition from traditional data centers to hybrid environments. EMC Corporation – in July 2016 – said its Q2 revenue was $6 billion. Dell will close the acquisition of EMC on 7 September. |
| Country | United States , Northern America |
| Industry | Information Technology |
| Entry Date | 15 Oct 2016 |
| Source | http://www.infotechlead.com/networking/dell-technologies-revenue-1-13-bn-42076 |
