Dell Q2 Revenue Up 1%

(RTTNews) - Dell Technologies announced its fiscal 2017 second quarter results, with revenue of $13.1 billion from continuing operations, an increase of 1 percent year-over-year. Non-GAAP revenue in the quarter was $13.1 billion, flat from the previous year.

The company reported operating income of $63 million, reversing an operating loss in the year-ago quarter, and reported non-GAAP operating income of $752 million, an improvement of 32 percent year-over-year.

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 percent.

Client Solutions business revenue for the quarter was $9.2 billion, flat versus the second quarter of last year.

Enterprise Solutions Group revenue was $3.8 billion, unchanged year-over-year

Last month, Dell Inc. and EMC Corp. (EMC) announced that they intended to close the transaction to combine Dell and EMC on September 7, 2016. Dell Technologies, the name of the new combined company, would begin operating immediately following the close of the transaction.

In October 2015, PC maker Dell Inc. agreed to acquire data-storage company EMC Corp. for about $67 billion in cash and stock, while maintaining EMC's virtualization software company VMware Inc. (VMW) as a publicly-traded company. The acquisition would be made by Dell, together with its owners, Michael Dell, founder, chairman and chief executive officer of Dell, MSD Partners and private equity firm Silver Lake.