Earnings Review and Free Research Report: Dell Technologies’ Q2 Top-line Soared 49% Y-o-Y; Beat Estimates

LONDON, UK / ACCESSWIRE / September 28, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Dell Technologies Inc. (NYSE: DVMT), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=DVMT, following the Company’s announcement of its Dell Technologies (NYSE: DVMT). The Company posted its financial results on September 07, 2017, for the second quarter fiscal 2018 (Q2 FY18). The Round Rock, Texas-based Company’s non-GAAP net revenues surged 49% y-o-y; outperforming market consensus estimates. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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Earnings Reviewed

During the quarter ended on August 04, 2017, Dell Technologies’ net revenues increased to $19.30 billion from $13.08 billion recorded at the end of Q2 FY17. The Company’s non-GAAP net revenue rose to $19.63 billion in Q2 FY18 from $13.15 billion in Q2 FY17. Meanwhile, the Company’s non-GAAP net revenue topped market estimates of $19.52 billion.

The computer and technology services provider reported GAAP net loss from continuing operations of $978 million in Q2 FY18 compared to GAAP net loss from continuing operations $262 million in Q2 FY17. Meanwhile, the Company’s non-GAAP net income from continuing operations increased during Q2 FY18 to $873 million from $362 million in the previous year’s same quarter.

Operational Metrics

For the reported quarter, the Company’s GAAP gross margin came in at $4.81 billion compared to $2.34 billion in the prior year’s corresponding quarter. Meanwhile, non-GAAP gross increased to $6.10 million, or 31% of net revenues, during Q2 FY18 versus $2.52 million, or 19% of net revenues, in Q2 FY17.

The Company’s total non-GAAP operating expenses came in at $4.55 billion for Q2 FY18 compared to $1.76 billion in Q2 FY17. The Company reported non-GAAP operating income of $1.55 billion, or 8% of non-GAAP net revenue, during Q2 FY18, up from $756 million, or 6% of non-GAAP net revenue, in Q2 FY17. Furthermore, the Company adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) improved to $1.87 billion, or 10% of non-GAAP net revenue, in Q2 FY18 from $884 million, or 7% of non-GAAP net revenue, in last year’s comparable quarter.

Dell Technologies’ Segment Performance

The Client Solutions Group (CSG) segment’s net revenues grew 7% to $9.85 billion in Q2 FY18 from $9.22 billion in the previous year’s same quarter. The Company’s operating income increased to $566 million, or 6% of the segment’s revenues, in Q2 FY18 from $484 million, or 5% the segment’s revenues, in Q2 FY17.

In the reported quarter, the Company’s revenues from Infrastructure Solutions Group (ISG) segment rallied 96% y-o-y to $7.41 billion from $3.78 billion in the prior year’s same quarter. The segment’s operating income came in at $430 million, or 6% of segment revenues, for Q2 FY18 compared to $300 million, or 8% of the segment’s revenues, in Q2 FY17.

VMware segment reported revenues of $1.91 billion in Q2 FY18. Moreover, the segment’s operating income stood at $561 million, or 29% of the segment’s revenues, in for Q2 FY18.

Cash Flow & Balance Sheet

During Q2 FY18, Dell Technologies’ net cash provided by operating activities were $1.82 billion compared to $1.88 billion in Q2 FY17. As on August 04, 2017, Dell Technologies had $9.21 billion in cash and cash equivalents compared to $9.47 billion at the close of books on February 03, 2017. Furthermore, the Company long-term debt as on August 04, 2017, stood at $41.37 billion versus $43.06 billion as on February 03, 2017.

Stock Performance

Dell Technologies’ share price finished yesterday’s trading session at $77.12, advancing 1.31%. A total volume of 1.30 million shares have exchanged hands, which was higher than the 3-month average volume of 1.07 million shares. The Company’s stock price skyrocketed 23.00% in the last three months, 20.69% in the past six months, and 61.37% in the previous twelve months. Additionally, the stock soared 40.29% since the start of the year. The stock currently has a market cap of $15.58 billion.

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