Dell Technologies (DELL) Tops Q1 EPS by 33c, Revenues Beat

Dell Technologies (NYSE: DELL) reported Q1 EPS of $1.34, $0.33 better than the analyst estimate of $1.01. Revenue for the quarter came in at $21.9 billion versus the consensus estimate of $20.83 billion.

• Dell Technologies effectively navigates COVID-19 environment with innovative products, broad capabilities, flexible supply chain and resilient global workforce
• First quarter revenue of $21.9 billion
• Operating income up 28% to $702 million, non-GAAP operating income of $2.2 billion
• Client Solutions Group revenue up 2% to $11.1 billion; VMware revenue up 12%

"Customers need essential technology now more than ever to put business continuity, remote working and learning plans into practice," said Jeff Clarke, vice chairman and chief operating officer, Dell Technologies. "In Q1, we saw orders with banking and financial services, government, healthcare and life sciences customers up 15 to 20 percent – all to meet immediate needs of their customers, communities and patients. As the world pivots from response to recovery, we'll continue to put our broad capabilities to work to deliver differentiated results for our customers and our company."

"Since February, almost everything in the world has changed. What remains unchanged is our ability to deliver for customers and run the business in a disciplined way for the long-term – with an emphasis on growth, share gain, and a strong capital structure," said Tom Sweet, chief financial officer, Dell Technologies.

For earnings history and earnings-related data on Dell Technologies (DELL) click here.

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