Daily Management Review

Dell Technologies earns $ 22.8 bln in revenue, $ 552 mln in net profit in Q3


11/29/2019


Dell Technologies has released its latest quarterly report for recently ended the third quarter of fiscal year 2020.



Jerry Luo via flickr
Jerry Luo via flickr
For the quarter, the company received revenue of $ 22.8 billion. This is 2% more than the income for the third quarter of the previous financial year. A year ago, the company suffered operating losses of $ 356 million, which this time gave way to operating profit of $ 836 million. The quarter resulted in a net profit of $ 552 million.

For non-GAAP calculations, revenue is $ 22.9 billion, up 1% from a year ago. Operating profit increases to $ 2.4 billion, up 18% year on year. Finally, net profit for the quarter amounted to $ 1.4 billion, which corresponds to an increase of 6.3% in annual terms.

The large difference in the figures calculated using the two methods is explained by the consideration of payments under the transaction with EMC. During the quarter, Dell Technologies paid off approximately $ 1.1 billion of debt, and approximately $ 3.5 billion over the past year. In total, more than $ 18 billion of debt has already been paid in the three years since the conclusion of the transaction. According to the schedule, the company should pay $ 5 billion in the fiscal year 2020.

source: bloomberg.com






Science & Technology

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

AB InBev’s Piled Up Alcohol Is ‘Too Good to Waste’

Ericsson Mobility forecasts nearly fourfold increase in mobile traffic by 2025

Elon Musk: We received 146,000 orders for Cybertruck

Google turns the screws on political ads

Apple to come up with AR glasses

WEF: Big data regulation becomes a problem

Israeli Firm Accused Of Spying By WhatsApp, Lawsuit Filed Against It

Google Used Quantum Computer To Solve Complex Problem

World Politics

World & Politics

Protests in France gain the greatest scale since 2010

Massive blackout unfolds in Venezuela

French And Russian Presidents To Discuss The Moratorium On Missiles In Europe

EU adopts budget for 2020, more funds allocated to climate change fight and innovation

Israeli prime minister indicted in three criminal cases

Argentina finds a way to pay off IMF loan

Sweden closes Assange rape inquiry

Has Chile Put All Its Eggs In One Basket To Turn Towards Renewable Energy?