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Dell boosts income

Highlights continuing PC involvement on day it merges with EMC

Dell Technologies, in its final figures without EMC reported its Q2 results, with revenue of $13.1bn continuing operations, an increase of 1% year-over-year. The company reported operating income of $63m, reversing an operating loss in the year-ago quarter, and achieved non-GAAP operating income of $752m, an improvement of 32% year-over-year.

Tom Sweet, chief financial officer, Dell Inc: “Our second quarter results underscore our ability to consistently balance growth and profitability, and strategically invest in areas that will drive long-term profitable growth and strong cash flow. In the quarter, cash flow from operations was $1.9 billion and for the trailing twelve months was $3.2 billion, an improvement of 50%.”

It says this was the 14th consecutive quarter of year-over-year share gains in PCs; as worldwide commercial PC’s rose 6.2% and gained 90 basis points of unit share. Servers and Networking revenue grew 1% year-over-year; Dell Storage SC product line revenue grew 13%.