Dell said net revenue for the three months ended May 3, 2024 rose 6% to $22,244 million, operating income fell 14% to $920 million, and net income rose 65% to $955 million.

1. 01

   Dell said net revenue for the three months ended May 3, 2024 rose 6% to $22,244 million, operating income fell 14% to $920 million, and net income rose 65% to $955 million.

2. 02

   The company said revenue at its Infrastructure Solutions Group (ISG) rose 22% to $9.2 billion in the quarter, and servers and networking revenue rose 42% to $5.5 billion. ISG operating income was $736 million.

3. 03

   Client Solutions Group (CSG) revenue was flat year over year at $12.0 billion, the company said. Commercial revenue rose 3% to $10.2 billion, and Consumer revenue fell 15% to $1.8 billion. CSG operating income was $732 million.

4. 04

   The company said cash flow from operating activities was $1.0 billion for the quarter. It returned $1.1 billion to shareholders through share repurchases and dividends, and ended the quarter with $7.3 billion in cash and investments.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.