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News Release DELL Technologies ROUND ROCK , Texas May 27 , 2021 Future - of - Work Solutions Power Dell Technologies ' Record First Quarter Fiscal 2022 Financial Results News summary Record first quarter revenue of $ 24.5 billion , up 12 % , driven by growth across Infrastructure Solutions , Client Solutions and VMware business units Record first quarter operating income of $ 1.4 billion , up 96 % , and record first quarter non GAAP operating income of $ 2.7 billion , up 26 % Diluted earnings per share up 495 % to $ 1.13 , non - GAAP diluted earnings per share up 59 % to $ 2.13 ● ● Full story Dell Technologies ( NYSE : DELL ) announces record financial results for its fiscal 2022 first quarter . Revenue was up 12 % to $ 24.5 billion . The company generated operating income of $ 1.4 billion , a 96 % increase over the same period in the prior year , and non - GAAP operating income of $ 2.7 billion , up 26 % . Net income was $ 938 million , non - GAAP net income was $ 1.8 billion and adjusted EBITDA was $ 3.2 billion . Net cash from operating activities was $ 2.2 billion . Diluted earnings per share was $ 1.13 , up 495 % and non - GAAP diluted earnings per share was $ 2.13 , up 59 % . " There has been a substantial acceleration in digital transformation across the globe and you can see it in our results with record first quarter revenue of $ 24.5 billion . Now more than ever , customers are turning to Dell Technologies to help build their digital future , " said Jeff Clarke , chief operating officer and vice chairman , Dell Technologies . " Looking ahead , we see technology becoming increasingly central to the global economy and society . We're excited for the opportunities ahead and for the data - fueled future we're creating . " 1