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Denali Q1 revenue down 2% to $12.5 billion

Staff writer ▼ | June 13, 2016
Denali Holding, parent company of Dell Inc., announced its fiscal 2017 first quarter results, with revenue of $12.5 billion from continuing operations.
Dell
Denali Holding   13th consecutive quarter of year-over-year share gains in PCs
This is down 2 percent year-over-year, driven by declines in the company’s Client Solutions and Enterprise Solutions Groups, while Dell Software Group revenue was flat. The company reduced its operating loss by 52 percent and grew its non-GAAP operating income by 37 percent year-over-year.

Other highlights:

- Cash used in operations in the quarter was $63 million. The company’s cash generation is seasonally low in its first quarter

- Cash from operations on a trailing twelve-month basis was approximately $3 billion, up 103 percent

- 13th consecutive quarter of year-over-year share gains in PCs

- Grew Latitude commercial notebook revenue both year-over-year and sequentially

- Grew revenue year-over-year in APJ, driven by 5 percent growth in China

-Strong year-over-year revenue growth in Dell Storage SC product line; modular server business strength maintained

- Strong momentum for the company’s scalable and cost-effective hybrid cloud solutions, including, the Dell Hybrid Cloud Platform for VMware, Dell Hybrid Cloud System with Microsoft, Cloud FlexPay program and Dell Red Hat OpenStack Cloud Solution.


 

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