DELL TECHNOLOGIES Reports 10.0% Decrease in Third Quarter Revenue for FY2024
December 14, 2023
🌥️Earnings Overview
On November 30 2023, DELL TECHNOLOGIES ($NYSE:DELL) reported their third quarter FY2024 (ending October 31 2023) earnings, with a total revenue of USD 22251.0 million – a 10.0% decline from the same quarter a year ago. Net income saw a decrease from USD 245.0 million to USD 1006.0 million.
Analysis
GoodWhale has conducted an analysis of DELL TECHNOLOGIES wellbeing, and according to their Star Chart, they have classified the company as a ‘cow’, meaning that it has a track record of paying out consistent and sustainable dividends. This is likely to make DELL TECHNOLOGIES attractive to investors looking for income and stability. In terms of its performance metrics, DELL TECHNOLOGIES is strong in dividend yield, medium in dividend stability, profitability, and weak in asset turnover and growth metrics. However, its overall health score of 7/10 suggests that it is capable of paying off debt and funding future operations due to its healthy cashflows and debt levels. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dell Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 91.15k | 2.67k | 3.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dell Technologies. More…
| Operations | Investing | Financing |
| 9.86k | -2.91k | -3.76k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dell Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 83.26k | 85.83k | -3.74 |
Key Ratios Snapshot
Some of the financial key ratios for Dell Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.4% | 10.0% | 5.5% |
| FCF Margin | ROE | ROA |
| 7.8% | -115.8% | 3.8% |
Peers
In the technology industry, competition is fierce. Companies are constantly trying to one-up each other with new products and features. This is especially true for Dell Technologies Inc and its competitors: VMware Inc, NetApp Inc, and HP Inc. These companies are constantly trying to outdo each other, and it makes for an exciting and ever-changing landscape.
– VMware Inc ($NYSE:VMW)
VMWare Inc. is a publicly traded software company headquartered in Palo Alto, California. It was founded in 1998 and provides virtualization software for x86-64 computers. VMWare’s primary product is its hypervisor, which creates virtual machines on which other operating systems can be installed. VMWare also offers cloud computing, networking, and security products.
VMWare has a market capitalization of $45.57 billion as of 2022. The company’s return on equity is -1025.37%. VMWare provides virtualization software for x86-64 computers. The company’s primary product is its hypervisor, which creates virtual machines on which other operating systems can be installed. VMWare also offers cloud computing, networking, and security products.
– NetApp Inc ($NASDAQ:NTAP)
NetApp, Inc. is a leading data management, cloud storage, and data backup company. It has a market cap of 13.54B as of 2022 and a ROE of 100.42%. The company’s products and services are used by major corporations and governments around the world.
– HP Inc ($NYSE:HPQ)
HP Inc is a technology company that provides personal computing and other services. The company has a market cap of $25.64 billion and a return on equity of -225.66%. HP Inc is a leading provider of personal computing and other technology services. The company offers a wide range of products and services, including PCs, printers, scanners, and more. HP Inc is a publicly traded company listed on the New York Stock Exchange.
Summary
DELL TECHNOLOGIES recently reported their earnings results for the third quarter of FY2024, with total revenue of USD 22251.0 million, a 10.0% decrease year over year. Net income declined from USD 245.0 million to USD 1006.0 million. This could suggest that DELL TECHNOLOGIES may not be a good investment opportunity in the short-term.
However, investors may still be interested in the company due to its potential long-term growth prospects. DELL TECHNOLOGIES continues to invest in new technologies and products, and is continually expanding its presence in the market.
Additionally, the company has a strong financial position, with sufficient cash reserves and low debts. Therefore, investors should carefully evaluate DELL TECHNOLOGIES before making a decision on whether to invest in it or not.
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