Dell Technologies Fiscal Year 2023

Dell Technologies Releases Financial Results for Fourth Quarter as well as the Entire Fiscal Year 2023

The 4th quarter & full year financial figures for Dell Technologies’ fiscal 2023 are published (NYSE: DELL). The year’s revenue reached a high $102.3 billion, an increase of 1% over the fiscal year 2022. Record financial earnings of $5.8 Billion, rise 24% from the previous year, as well as historic non-GAAP operating earnings of $8.6 Billion, near 11%, were produced by the business. Net earnings from continuing businesses for the entire year was $2.4 billion, while non-GAAP net income totaled $5.7 billion. Operating cash production totaled $3.6 billion. Non-GAAP diluted shareholder earnings were $7.61 for the full year and dissolved per-share earnings from continuing activities were $3.24.

Revenue for the fourth quarter decreased 11% to $25 billion. In terms of sales, operating cash flow was $1.2 billion, or 4.7%, & non-GAAP operating cash flow was $2.2 billion, or 8.7%. Non-GAAP net revenue for a quarter was $1.3 billion, and net earnings from continuing businesses for the quarterly was $606 million. The quarter’s operating cash flow totaled $2.7 billion. Non-GAAP diluted income per shares were $1.80 while dissolved per-share earnings from continuing activities were $0.84.

Dell finished the quarter with $40 billion in outstanding performance obligations, $30.3 billion in deferred revenue, and $5.6 billion in recurring revenue, all of which were up 12% from the same period last year. In the fiscal year 2023, the company had $10.2 billion in cash and assets, and $3.8 billion went back to shareholders in the form of dividends and share repurchases. The business will raise its yearly dividend payment by 12% to $1.48 per ordinary shares. The first quarterly distribution, which is payable on May 5, will be paid out at $0.37 per share to current shareholders as of April 25.

Principal fields of innovation:

• New PowerEdge servers from Dell have increased the company’s leading server lineup. They increase system intelligence with up to 2.9x higher AI inferencing across data centers, large-scale public clouds, telecom, and edge locations.
• To promote the acceptance of open, cloud services in the telecom sector, Dell extended its tech ecosystem and solutions, which include Dell Telecommunications Infrastructure Blocks for Red Hat.
• Dell introduced products for hybrid work, such as the UltraSharp 6K Monitor, the first 6K resolution monitor in the world to use IPS black panel technology, or the Dell Premier Collaboration Keyboard, a first keyboard to be approved by Zoom and equipped with dedicated touch controls for managing Zoom calls.