Surging Revenue Growth of 9% Signals Strong Quarter for Dell Technologies
Dell Technologies [DELL] reported a robust quarter ending August 2, 2024, with a notable 15% increase in profit compared to the previous quarter. The company's quarterly earnings showcased a strong performance, underscoring its financial stability and growth trajectory.
The company, headquartered in Round Rock, Texas, reported to SEC in an 8-K filing $1.17 earnings per share in the quarter, compared to $0.63 in the previous quarter.
Dell Technologies, a key player in the technology sector, reported a revenue of $25.0 billion for the recent period, reflecting a 9% increase from the previous quarter. This growth in revenue highlights the company's consistent performance and market position in the tech industry.
In comparison to the same quarter of the previous year, Dell Technologies recorded a 8% increase in revenue, demonstrating sustained business growth and market resilience.
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The company also witnessed a significant 85% rise in profit for the current quarter when compared to the same period in the previous year, showcasing a noteworthy financial performance over time.
As of August 28, 2024 end of day trading.
Dollars in millions | May 03, 2024 | Feb 02, 2024 | Nov 03, 2023 | Aug 04, 2023 |
|---|
Income Statement |
| Revenue | $22,244.0 | $88,425.0 | $22,251.0 | $22,934.0 |
| Operating Profit | $920.0 | $5,211.0 | $1,486.0 | $1,165.0 |
| Net Income | $955.0 | $3,195.0 | $1,004.0 | $455.0 |
| Net Cash | -$1,545.0 | -$1,387.0 | -$446.0 | -$244.0 |
| Gross Margin | $4,806.0 | $20,869.0 | $5,148.0 | $5,387.0 |
| Operating Margin | $0.0 | $0.0 | $0.0 | $0.0 |
| Profit as % of Revenues | 503.25 | 23.60 | 23.14 | 23.49 |
| Profit as % of Assets | 1.86 | 3.72 | 1.16 | 0.52 |
| Profit as % of Stockholder Equity | -35.07 | -138.37 | -39.07 | -17.00 |
| Return on Equity | -35.07 | -138.37 | -39.07 | -17.00 |
| Return on Assets | 1.19 | 3.89 | 1.21 | 0.53 |
| Turnover Ratio | 43.43 | 1.03 | 0.26 | 0.26 |
Balance Sheet |
| Total Assets | $80,190.0 | $82,089.0 | $83,264.0 | $85,658.0 |
| Total Liabilities | $82,913.0 | $84,398.0 | $85,834.0 | $88,335.0 |
Cash Flow Statement |
| Operating Cash Flow | $1,043.0 | $8,676.0 | $7,143.0 | $4,991.0 |
| Investing Cash Flow | -$456.0 | -$2,783.0 | -$2,114.0 | -$1,289.0 |
| Financing Cash Flow | -$2,077.0 | -$7,094.0 | -$5,275.0 | -$3,829.0 |
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