Dell Inc. reported that its "non-GAAP" financial results, which exclude certain expenses, yielded an operating income of $565 million, which the company said was a 37 percent increase over the same quarter a year ago.
The company said its EBITDA -- earnings before interest, taxes, depreciation and amortization -- was $659 million, a 28 percent increase year-over-year.
“Overall, we were pleased with our results this quarter,” Tom Sweet, Denali’s chief financial officer, said in a written statement. “We’re continuing to make balanced decisions between growth and profitability, while making investments that position us to address our customers’ critical IT needs in the data center... We’re committed to our long-term focus to grow revenue and profitability while generating strong cash flow.”
In previous filings, Dell Inc. had disclosed that it hasn't posted an annual profit in at least three years. Its revenue last fiscal year was $54.9 billion, a decline of 5.6 percent, while its losses shrank 9.6 percent to $1.1 billion.
Dell Inc. is trying to expand its products beyond personal computers and offer more IT products and services for businesses. That is why Dell Inc. is interested in buying data storage giant EMC for $67 billion. That deal is expected to close before the end of the year.