Dell Technologies Delivers Second Quarter Fiscal 2025 Financial Results
Dell Technologies, Thursday, August 29th, 2024
Second quarter revenue of $25.0 billion, up 9% year over year; Record Infrastructure Solutions Group (ISG) revenue of $11.6 billion, up 38% year over year, with record servers and networking revenue of $7.7 billion, up 80%
Dell Technologies (NYSE: DELL) announces financial results for its fiscal 2025 second quarter. Revenue was $25.0 billion, up 9% year over year. Operating income was $1.3 billion and non-GAAP operating income was $2.0 billion, up 15% and 3% year over year, respectively. Diluted earnings per share was $1.17, and non-GAAP diluted earnings per share was $1.89, up 86% and 9% year over year, respectively.
'In Q2 our combined ISG and CSG revenue was $24.1 billion, up 12% year over year, positioning us well for the second half of the year and beyond,' said Yvonne McGill, chief financial officer, Dell Technologies. 'Our momentum in ISG is a significant tailwind, with record ISG revenue of $11.6 billion, up 38% year over year.' Cash flow from operations was $1.3 billion. Dell returned $1 billion to shareholders through share repurchases and dividends and ended the quarter with $6.0 billion in cash and investments.