Today Dell Technologies Inc. announced its fiscal fourth quarter and full years results for 2019. This is its first earnings report since going public back in December of 2018. Overall the numbers look good as does the company’s stock performance that has steadily climbed since its return to trading.
Looking at the number for the quarter, Dell is reporting revenue of $23.8 billion up 9% from this time last year. Operating income was $331 million up form this time last year where the company stated it had an operating loss of $69 million. On the non-GAAP side of things, the company reported revenue up 8% to $24 billion. For non-GAAP operating income, Dell reported $2.7 billion. Cash flow from operations was reported as roughly $2.4 billion.
For the fiscal year Dell reported revenue of $90.6 billion up 15% from the prior year. Its GAAP operating loss was reported as $191 million. Non-GAAP revenue was $91.3 billion with a non-GAAP operating income of $8.9 billion. Cash flow from operations was $7 billion. Net loss was reported as $2.1 billion. Cash and investments for the year were $10.7 billion. Since closing the EMC transaction, Dell Technologies has paid down approximately $14.6 billion in gross debt, excluding Dell Financial Services related and subsidiary debt.
Dell also reported an update on VMware’s earnings, reporting revenue of $2.6 billion for the quarter and $9.1 billions for the year. Operating income for the quarter was $872 million and $3 billion for the full year.
As far as being back in the world of publically traded stock, Dell Technologies is starting off on the right foot. It will be interesting to see where they go next.
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