Dell Technologies Inc. (DVMT) Reports Q2 Revenues Above Estimates; Lifts FY19 Revenue Guidance Above Consensus

Dell Technologies Inc. (NYSE: DVMT) reported Q2 EPS of $. Revenue for the quarter came in at $22.9 billion versus the consensus estimate of $22.18 billion.

"We are in the early stages of a global, technology-led investment cycle in which every company is becoming a technology company," said Michael Dell, chairman and CEO, Dell Technologies. "As our results indicate, Dell Technologies is perfectly positioned to grow, gain share, drive innovation and be our customers' best, most trusted partner on the journey to their digital future."

"Dell Technologies delivered another strong quarter, with double-digit revenue growth across all three of our reportable segments and strong cash flow generation for the first half of the year," said Tom Sweet, chief financial officer, Dell Technologies. "Looking toward the second half of fiscal 2019, we\'ll balance this growth by executing across strategic areas of the business, including driving additional share gains, continuing to generate strong cash flow and addressing our customers' needs with our full range of capabilities.

"Given our momentum in the first half of the fiscal year, we increased the revenue, operating income and net income guidance ranges we provided on July 2, in conjunction with the Class V exchange transaction announcement."

GUIDANCE:

Dell Technologies Inc. sees FY2019 revenue of $90.5-92 billion, versus the consensus of $87.61 billion.

For earnings history and earnings-related data on Dell Technologies Inc. (DVMT) click here.

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