Dell Technologies today announced its fiscal 2017 second quarter results, with revenue of $13.1 billion from continuing operations, an increase of 1 percent year-over-year. The company reported operating income of $63 million, reversing an operating loss in the year-ago quarter, and achieved non-GAAP operating income of $752 million, an improvement of 32 percent year-over-year.

“We executed well in the quarter driving $880 million in adjusted EBITDA, up 31 percent,” said Tom Sweet, chief financial officer, Dell Inc. “Our second quarter results underscore our ability to consistently balance growth and profitability, and strategically invest in areas that will drive long-term profitable growth and strong cash flow. In the quarter, cash flow from operations was $1.9 billion and for the trailing twelve months was $3.2 billion, an improvement of 50 percent.” Fiscal Year 2017 Second Quarter Results:

*Revenue was $13.1 billion, up 1 percent from the previous year;

*Operating income for the quarter was $63 million, reversing an operating loss from the previous year;

*Non-GAAP revenue in the quarter was $13.1 billion, flat from the previous year;

*Non-GAAP operating income was $752 million, a 32 percent increase from the previous year;

*Cash flow from operations in the quarter was $1.9 billion. On a trailing twelve-month basis, cash flow from operations was approximately $3.2 billion, up 50 percent.

By: DocMemory
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