DELL TECHNOLOGIES INC.
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| Three Months Ended |
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| April 29, 2022 |
| April 30, 2021 |
| Change |
Net income from continuing operations | $ 1,069 |
| $ 659 |
| 62% |
Non-GAAP adjustments: |
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|
|
|
|
Amortization of intangibles | 243 |
| 445 |
|
|
Impact of purchase accounting | 9 |
| 20 |
|
|
Transaction-related (income) expenses | (2) |
| 29 |
|
|
Stock-based compensation expense | 232 |
| 172 |
|
|
Other corporate expenses | 96 |
| 117 |
|
|
Fair value adjustments on equity investments | (14) |
| (194) |
|
|
Aggregate adjustment for income taxes | (199) |
| (193) |
|
|
Non-GAAP net income | $ 1,434 |
| $ 1,055 |
| 36% |
|
|
|
|
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Net income from continuing operations attributable to Dell Technologies Inc. | $ 1,072 |
| $ 660 |
| 62% |
Non-GAAP adjustments: |
|
|
|
|
|
Amortization of intangibles | 243 |
| 445 |
|
|
Impact of purchase accounting | 9 |
| 20 |
|
|
Transaction-related (income) expenses | (2) |
| 29 |
|
|
Stock-based compensation expense | 232 |
| 172 |
|
|
Other corporate expenses | 96 |
| 117 |
|
|
Fair value adjustments on equity investments | (14) |
| (194) |
|
|
Aggregate adjustment for income taxes | (199) |
| (193) |
|
|
Total non-GAAP adjustments attributable to non-controlling interests | (2) |
| (1) |
|
|
Non-GAAP net income attributable to Dell Technologies Inc. | $ 1,435 |
| $ 1,055 |
| 36% |