On February 29, 2024, Dell Technologies Inc. reported its financial results for the fourth quarter and full fiscal year ended February 2, 2024. The company announced a fourth-quarter revenue of $22.3 billion, a decrease of 11% from the previous year, and a full-year revenue of $88.4 billion, down 14% from the prior fiscal year. Despite the revenue decline, Dell's full-year operating income was $5.2 billion with a non-GAAP operating income of $7.7 billion, and a cash flow from operations of $8.7 billion. The company's full-year diluted earnings per share (EPS) was $4.36, with a non-GAAP diluted EPS of $7.13. Dell also declared a 20% increase in its annual cash dividend to $1.78 per common share. The Infrastructure Solutions Group (ISG) reported a fourth-quarter revenue of $9.3 billion...Show More

On February 29, 2024, Dell Technologies Inc. reported its financial results for the fourth quarter and full fiscal year ended February 2, 2024. The company announced a fourth-quarter revenue of $22.3 billion, a decrease of 11% from the previous year, and a full-year revenue of $88.4 billion, down 14% from the prior fiscal year. Despite the revenue decline, Dell's full-year operating income was $5.2 billion with a non-GAAP operating income of $7.7 billion, and a cash flow from operations of $8.7 billion. The company's full-year diluted earnings per share (EPS) was $4.36, with a non-GAAP diluted EPS of $7.13. Dell also declared a 20% increase in its annual cash dividend to $1.78 per common share. The Infrastructure Solutions Group (ISG) reported a fourth-quarter revenue of $9.3 billion, while the Client Solutions Group (CSG) posted $11.7 billion in revenue for the same period. Dell highlighted its AI-optimized server growth and announced an expanded portfolio to support customers' performance, cost, and security needs across various platforms. The company remains optimistic about the fiscal year 2025 and its ability to generate strong cash flow.