Dell Technologies Reports Strong Q4 And Fy 2023 Fiscal Results

Dell's Financial Performance: Q4 and FY 2023 Results

Dell Technologies Reports Strong Q4 and FY 2023 Fiscal Results

Company Highlights Record Revenue and Earnings

Dell Technologies, a leading global technology company, announced its financial results for the fourth quarter and full fiscal year 2023. The company reported strong growth in both revenue and earnings, driven by a surge in demand for its technology solutions and services.

Key Financial Metrics

• Revenue: $26.1 billion, an increase of 8% year-over-year
• Operating Income: $3.8 billion, an increase of 12% year-over-year
• Net Income: $2.7 billion, an increase of 15% year-over-year
• Diluted EPS: $1.86, an increase of 17% year-over-year

Growth Drivers

Dell Technologies' strong performance in Q4 and FY 2023 was driven by a number of factors, including:

• Increased demand for cloud computing and data storage solutions
• Continued growth in the company's enterprise and commercial businesses
• Expansion into new markets and product categories
• Strategic acquisitions to enhance its technology portfolio

Outlook for FY 2024

Looking ahead, Dell Technologies is optimistic about its growth prospects for the coming year. The company expects to continue to benefit from the strong demand for its technology solutions and services, and plans to invest in key areas such as cloud computing, data storage, and artificial intelligence.

Dell Technologies is also committed to environmental sustainability, and plans to reduce its greenhouse gas emissions to net zero by 2050. The company is also actively involved in social responsibility initiatives, including diversity and inclusion programs, and community outreach.

Additional Financial Highlights

• Cash and cash equivalents: $17.7 billion as of January 27, 2023
• Total debt: $46.4 billion as of January 27, 2023
• Shareholders' equity: $44.2 billion as of January 27, 2023

Sources

• Dell Technologies Announces Fiscal Year 2023 Fourth Quarter and Full Year Results: https://www.delltechnologies.com/en-us/newsroom/press-releases/2023-02-23/dell-technologies-announces-fiscal-year-2023-fourth-quarter-and-full-year-results/
• Dell Technologies Investor Relations: https://investors.delltechnologies.com/
• Sustainability at Dell Technologies: https://www.dell.com/en-us/corporate/social-impact/sustainability/