Dell Technologies Inc. (NYSE:DELL) Q3 2024 Earnings Conference Call November 30, 2023 4:30 PM ET

Company Participants

Rob Williams - Head of Investor Relations

Jeff Clarke - Vice Chairman and Chief Operating Officer

Yvonne McGill - Chief Financial Officer

Tyler Johnson - Senior Vice President & Treasurer

Conference Call Participants

Amit Daryanani - Evercore ISI

Wamsi Mohan - BofA Securities

Toni Sacconaghi - Bernstein

Erik Woodring - Morgan Stanley

Ben Reitzes - Melius Research

Asiya Merchant - Citigroup Inc.

Michael Ng - Goldman Sachs

Simon Leopold - Raymond James

Sidney Ho - Deutsche Bank

Krish Sankar - TD Cowen

Aaron Rakers - Wells Fargo

Samik Chatterjee - JPMorgan

David Vogt - UBS

Operator

Good afternoon, and welcome to the Fiscal Year 2024 Third Quarter Financial Results Conference Call for Dell Technologies Inc. I'd like to inform all participants, this call is being recorded at the request of Dell Technologies. This broadcast is the copyrighted property of Dell Technologies Inc. Any rebroadcast of this information in whole or in part without the prior written permission of Dell Technologies is prohibited. Following prepared remarks, we will conduct a question-and-answer session. [Operator Instructions]

I'd like to turn the call over to Rob Williams, Head of Investor Relations. Mr. Williams, you may begin.

Rob Williams

Thanks, everyone, for joining us. With me today are Jeff Clarke, Yvonne McGill and Tyler Johnson. Our earnings materials are available on our IR website, and I encourage you to review these materials and the presentation, which includes additional content to complement our discussion this afternoon. Guidance will be covered on today's call.

During this call, unless otherwise indicated, all references to financial measures refer to non-GAAP financial measures, including non-GAAP gross margin, operating expenses, operating income, net income and diluted earnings per share. A reconciliation of these measures to their most directly comparable GAAP measures can be found in our web deck and our press release. Growth percentages refer to year-over-year change unless otherwise specified. Statements made during this call that relate to future results and events are forward-looking statements based on current expectations. Actual results and events could differ materially from those projected due to a number of risks and uncertainties, which are discussed in our web deck and our SEC filings. We assume no obligation to update our forward-looking statements.

Now I'll turn it over to Jeff.

Jeff Clarke

Thanks, Rob. We delivered Q3 revenue of $22.3 billion, with solid profitability and strong cash flow. Operating income was $2 billion. Diluted EPS was $1.88, and cash flow from operations was $2.2 billion.