Dell Technologies Announces Second Quarter Fiscal 2023 Financial Results

 

DELL TECHNOLOGIES INC.

Segment Information

(in millions, except percentages; unaudited; continued)



Three Months Ended


Six Months Ended


July 29, 2022


July 30, 2021


July 29, 2022


July 30, 2021

Reconciliation to consolidated net revenue:







Reportable segment net revenue

$             25,026


$             22,818


$             49,898


$             44,162

Other businesses (a)

1,399


1,378


2,638


2,630

Unallocated transactions (b)


3


5


5

Impact of purchase accounting (c)


(8)



(16)

Total consolidated net revenue

$             26,425


$             24,191


$             52,541


$             46,781









Reconciliation to consolidated operating income:








Reportable segment operating income

$                2,024


$                1,948


$                4,221


$                3,806

Other businesses (a)

(71)


(77)


(135)


(167)

Unallocated transactions (b)

(1)


(3)


1


(1)

Impact of purchase accounting (c)

(3)


(15)


(12)


(35)

Amortization of intangibles

(244)


(442)


(487)


(887)

Transaction-related expenses (d)

(3)


(37)


(8)


(66)

Stock-based compensation expense (e)

(236)


(206)


(468)


(378)

Other corporate expenses (f)

(196)


(151)


(292)


(268)

Total consolidated operating income

$                1,270


$                1,017


$                2,820


$                2,004


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