Dell Technologies, the leader in the server market and one of the top three PC manufacturers, has released a report for its first quarter of fiscal 2022. Yes, like many other manufacturers, Dell has a different financial calendar. More precisely, the first quarter of the fiscal year 2022 ended on April 30, 2021.
The released report said that the revenue was $ 24.487 billion. This is 12% more on an annualized basis, which is compared to the first quarter of the 2021 fiscal year, which ended at Dell on May 1, 2020.
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Operating income for the year rose from $ 702 million to $ 1.375 billion, or 96%. The growth in net profit was even more impressive. It was 415% as net income rose from $ 182 million to $ 938 million.
In a non-GAAP calculation, revenue growth remains 12% (from $ 21.945 billion to $ 24.499 billion), but operating profit growth is 26% (from $ 2.161 billion to $ 2.714 billion), and net income is 59% (from $ 1.143 billion to $ 1.819 billion). The difference from the GAAP results is mainly attributable to the accounting for payments made on the EMC transaction.
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