Dell Technologies Increases Full-year Guidance - Quick Facts

(RTTNews) - Dell Technologies (DVMT) announced, for fiscal 2019, the company is adjusting upward the guidance ranges provided on July 2, given the momentum it has seen year-to-date. The company now expects non-GAAP revenue to be between $90.5 billion and $92.0 billion for the full fiscal year, and non-GAAP net income to be between $4.9 billion and $5.3 billion.

For the second quarter, revenue was $22.9 billion, up 18 percent, and non-GAAP revenue was $23.1 billion, up 16 percent from the prior period. During the quarter, the company generated a GAAP operating loss of $13 million, with a non-GAAP operating income of $2.1 billion, up 13 percent.