Dell Technologies Announces Second Quarter Fiscal 2023 Financial Results

_________________

(a)

Common stock repurchases are inclusive of employee tax withholding on stock-based compensation.

 

DELL TECHNOLOGIES INC.

Segment Information

(in millions, except percentages; unaudited; continued on next page)



Three Months Ended




Six Months Ended




July 29, 2022


July 30, 2021


Change


July 29, 2022


July 30, 2021


Change

Infrastructure Solutions Group (ISG):

Net revenue:












Servers and networking

$           5,209


$           4,480


16 %


$         10,257


$           8,620


19 %

Storage

4,327


4,070


6 %


8,564


7,963


8 %

Total ISG net revenue

$           9,536


$           8,550


12 %


$         18,821


$         16,583


13 %













Operating Income:












ISG operating income

$           1,046


$               962


9 %


$           2,128


$           1,740


22 %

% of ISG net revenue

11.0 %


11.3 %




11.3 %


10.5 %



% of total reportable segment operating income

52 %


49 %




50 %


46 %















Client Solutions Group (CSG):

Net revenue:












Commercial

$         12,141


$         10,577


15 %


$         24,112


$         20,385


18 %

Consumer

3,349


3,691


(9) %


6,965


7,194


(3) %

Total CSG net revenue

$         15,490


$         14,268


9 %


$         31,077


$         27,579


13 %













Operating Income:












CSG operating income

$               978


$               986


(1) %


$           2,093


$           2,066


1 %

% of CSG net revenue

6.3 %


6.9 %




6.7 %


7.5 %



% of total reportable segment operating income

48 %


51 %




50 %


54 %




Amounts are based on underlying data and may not visually foot due to rounding.


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