Dell Delivers Record Third Fiscal Quarter 2022 Results

Dell Delivers Record Third Fiscal Quarter 2022 Results
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Dell generated record revenue of $28.4 billion, up 21%, in its fiscal 2022 third quarter. The growth was driven by growth in all business units, customer segments and geographies, as well as broad strength across commercial PCs, servers and storage.

Operating income was a third quarter record of $1.3 billion, a 19% increase over the same period the prior year, and non-GAAP operating income was a third quarter record of $2.9 billion, up 5%. Net income was $3.9 billion, non-GAAP net income was $2.0 billion and adjusted EBITDA was $3.4 billion. Net cash from operating activities was $3.3 billion. Diluted earnings per share was $4.87, up 351% and non-GAAP diluted earnings per share was $2.37, up 17%.

“We continue to deliver strong results, with more than $13 billion in cash flow from operations on a trailing-twelve-month basis,“ said Tom Sweet, CFO at Dell. “The digital trends are tailwinds for our business, and along with our strategy and financial flexibility, lead us to be optimistic about our long-term growth prospects.“