The Swedish gaming influencer marketing platform Lurkit has raised $2.7 million in a seed round from industry investors as the company is launching Quests™, a new software suite that enables paid sponsorships between live streamers and gaming companies at scale.
Lurkit's platform is empowering gaming companies to get real-time and actionable insights on the social performance of their games. Lurkit's tech platform algorithmically analyzes and presents data of more than 150.000 games and millions of live streaming and video views on Twitch and YouTube continuously. Now the company is launching paid sponsorship functionality under the Quests™ brand that also empowers content creators to earn more.
Lurkit was founded as a project by brothers Sam and Tom Niskanen in 2015. The pair has been avid gamers since childhood and transformed Lurkit into a company in 2019. Sam has an extensive background within marketing technology and sales and Tom is an engineer at heart. It has since the platform launch in early 2021 connected over 800 gaming companies with tens of thousands content creators in over 1000 campaigns.
To further scale the platform commercially, the company has raised $2.7 million from gaming industry investors VOID Interactive Ltd. and Behold Ventures.
Karl Magnus Troedsson , founding partner at Behold Ventures, is a games industry veteran that previously served as an Executive Producer of the Battlefield franchise, General Manager and Vice President at DICE and Electronic Arts. He says:
Julio Rodriquez is the CEO at VOID Interactive Ltd. He says:
Lurkit is a gaming platform for data-driven collaborations between content creators, game developers and publishers. Our mission is to deliver the best ecosystem that connects all major stakeholders in gaming for commercial and creative growth. Lurkit is based in Linköping and Stockholm, Sweden and currently employs 18 talents. Over 800 gaming companies, studios and publishers are using Lurkit's platform.
Behold Ventures is a Nordic-based, early-stage venture capital fund, focused on investing in startups in the video games sector. Founded in 2021 by games industry veterans Karl Magnus Troedsson , Martin Walfisz, Sigurlina Ingvarsdottir and Magnus Kenneby, Behold Ventures financially supports, and strategically advises, entrepreneurs during the first steps of launching their own businesses. The fund makes equity investments in startups driven by ambitious and creative founders and is always looking for teams that are absolutely hellbent on creating the most amazing, interactive entertainment experiences of tomorrow.
VOID Interactive is an Irish based global software development company that exists to deliver exceptional digital content for the video game and personal entertainment industries.
Read more about Lurkit Quests here
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East Side Games Group (TSX: EAGR) (OTC: EAGRF) (" ESGG " or the " Company "), Canada's leading free-to-play mobile game group, in collaboration with Universal Games and Digital Platforms, announced today the worldwide launch of The Office: Somehow We Manage on iOS and Android. The free-to-play idle game is inspired by NBC's critically acclaimed, Emmy® Award-winning U.S. version of The Office which is now streaming exclusively on Peacock.
Watch the launch trailer here .
" The Office: Somehow We Manage offers players the chance to immerse themselves in iconic moments from the series and connect with their favorite characters like never before," said Darcy Taylor , Chief Executive Officer of ESGG. "Fans of The Office will absolutely feel the nostalgia through this new game."
" The Office: Somehow We Manage reimagines the cast as vibrant, animated characters for the first time, bringing a fresh new experience to The Office fans everywhere," said Jim Molinets , SVP of Production, Universal Games and Digital Platforms. "The game will transport players into well-known and hilarious episodes that have resonated with so many over the years and let them 'clock in' even more time with their favorite Dundler Mifflin employees."
The Office: Somehow We Manage will allow fans to relive memorable moments from the show like they've never seen them before - animated, all while tapping their way to record profits to save the Scranton Branch from downsizing. Featuring accessible gameplay for all types of players, this narrative idle tapper will give players the chance to unlock and upgrade iconic characters and their desks all the while participating in monthly special events for additional in-game rewards.
COLLECT ICONIC CHARACTERS IN GAME Tap, upgrade, and build desks for favorite characters from the hit NBC comedy The Office , including Prison Mike, Farmer Dwight, Pretzel Day Stanley, and of course, Three Hole Punch Jim, all appearing in animated form for the first time.
RELIVE MEMORABLE EPISODES FROM THE OFFICE [U.S.] Click through memorable episodes in this free-to-play game, like "The Dundies" and "Dinner Party." Take a seat in Michael's office, get in line for Pretzel Day, or spend the weekend at Schrute Farms. Oh, and watch out for Kevin's famous chili! Additional episodes from all nine seasons of the show will be added to the game on a regular basis.
SPECIAL EVENTS In-game events will introduce new versions of characters and more memorable moments, along with weekly and monthly special events inspired by elements from the show.
EARN IN-GAME REWARDS TO KEEP THE BRANCH AFLOAT Manage Dunder Mifflin Scranton with the help of the whole branch! Get new leads and tap away as the in-game rewards start rolling in. Just make sure Michael doesn't spend the surplus on a new plasma TV!
Players can now run the world's best mid-size regional paper company branch in The Office: Somehow We Manage , available now on iOS and Android.
Visual assets for the game, including key art and logos, can be found in the online press kit .
ABOUT EAST SIDE GAMES GROUP
East Side Games Group (formerly operating under the name "LEAF Mobile Inc.") is a leading free-to-play mobile game group, creating engaging games that produce enduring player loyalty. Our studio groups entrepreneurial culture is anchored in creativity, execution, and growth through licensing of our proprietary Game Kit software platform that enables professional game developers to greatly increase the efficiency and effectiveness of game creation in addition to organic growth through a diverse portfolio of original and licensed IP mobile games that include: Archer: Danger Phone, Bud Farm Idle Tycoon, Cheech & Chong Bud Farm , The Goldbergs: Back to the 80s, It's Always Sunny: The Gang Goes Mobile and Trailer Park Boys Grea$y Money , RuPaul's Drag Race Superstar and T he Office: Somehow We Manage .
We are headquartered in Vancouver, Canada and our games are available worldwide on the App Store and Google Play. For further information, please visit: www.eastsidegamesgroup.com and join our online communities at LinkedIn , Twitter , Facebook , and Instagram .
Additional information about the Company continues to be available under its legal name, LEAF Mobile Inc., at www.sedar.com .
ABOUT NBC'S THE OFFICE
Produced by Universal Television in association with Deedle-Dee Productions and Reveille Productions, The Office is a groundbreaking mockumentary television series that follows the daily lives of the employees of the Scranton branch of Dunder Mifflin, a fictional paper company. All nine seasons of the Emmy® Award-winning series are available exclusively on Peacock.
Peacock is NBCUniversal's streaming service. Peacock delivers a world-class slate of exclusive originals, on-demand libraries of hit TV shows, plus critically acclaimed films from the vaults of Universal Pictures, Focus Features, DreamWorks Animation, Illumination and Hollywood's biggest studios. In addition, Peacock taps into NBCUniversal's unmatched ability to deliver a broad range of compelling topical content across news, sports, late-night, Spanish-language and reality. NBCUniversal is a subsidiary of Comcast Corporation.
ABOUT UNIVERSAL GAMES AND DIGITAL PLATFORMS
Universal's Games and Digital Platforms group leverages the vast portfolio of IP and characters from NBCUniversal. The Games and Digital Platforms group is a business unit of Universal Brand Development, which is chartered with globally expanding the company's intellectual properties, franchises, characters and stories through innovative physical and digital products, content, and consumer experiences. The company's extensive portfolio includes properties created by Universal Pictures, Illumination, DreamWorks Animation and NBCUniversal Television and Streaming. Universal Brand Development is part of NBCUniversal, a subsidiary of Comcast Corporation. www.universalbranddevelopment.com .
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the proposed transactions described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.
SOURCE East Side Games Group
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After the success of Farmville which opened up a whole new vertical of gaming, FreeWoly (FWOLY) has developed an innovative AR (augmented reality) P2E farming game for Web3. FreeWoly is set to take farming games to the next level and provide monetary rewards for all players.
In 2020 Farmville's revenue was nearly $2 billion and estimates show nearly $2.8 billion in 2021 alone. Now with FreeWoly an ecosystem that utilises all the benefits of Farmville, yet rewards the user is now here.
FreeWoly is a hybrid simulation and AR game that blends a Farmville model with the ever-popular Pokemon Go. When the player is at their designated home location, farm mode is activated where users can create and grow their digitalised farmstead. Like all farming games, the initial farm is simple and basic, and is built up over time.
However, when the user goes outside of their designated home location, the game switches to AR mode. Like Pokemon Go users can collect items while they are on the move, such as animals and infrastructure items. The service is fun, interactive, and combines the best features of Farmville and Pokemon Go.
Monetary rewards are given out in the form of $FWoly, which is FreeWoly's native currency. To earn digital currency users mint each animal which can be traded across the FreeWoly NFT marketplace. The rarer the animal the higher the value and the more you can sell your NFT for.
Moreover, users can sell their whole farm if they choose to do so. This provides an extra incentive layer to not only collect animals but also spend the time to build up your farm to sell to other users. Like the animals, the farm itself can also be minted.
The launch of $FWOLY token is scheduled imminently within Q3 2022 alongside the final stages of the game's development. The Beta launch is scheduled for Q4 2022 alongside the tokens listing on CEXs and campaigns and events will also be launched.
In Q1 2023 will be the full release of the game and the NFT marketplace alongside a cross-chain transfer exchange for in-game assets to other currencies and vice versa.
With the game combining the best qualities of Farmville and Pokemon Go, FreeWoly is set to take the world of P2E gaming by storm so don't miss out on this exciting and interactive project!
Enjoyed this article? Here's a link to further content.
Presale: https://farm.freewoly.io
Telegram: https://t.me/FreeWolyOfficial
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The QX rewards platform is for mobile game developers and publishers to create and offer retention and monetization rewards and incentives to gamers
AcQyr eXchange (QX) today announced the release of its end-to-end cash back and loyalty rewards SaaS platform for mobile and online game publishers and developers. It is designed to increase gameplay, improve player retention, and grow revenue by providing a superior solution for issuing, exchanging, and redeeming in-game rewards for cash.
A core feature of the QX platform is the proprietary and innovative Event Sharing Pipeline that was co-developed with AWS's technology partner, Rackspace Technology, to automatically stream, process, and analyze gameplay events, as well as to track and report progress toward offered rewards based on QX Partner monetization goals.
QX easily plugs into a mobile game and allows QX Partners to create retention and monetization reward offers. The platform tracks player progress against defined offers and issues cash rewards when offers are achieved. Players can track, manage, exchange, and redeem earned rewards from all participating games on their QX mobile app with one login. QX is free to join, and a Partner only pays for performance when a player earns and is issued in-game rewards.
"We're excited to release this major upgrade to the QX platform," stated Jim Mulford , QX Founder and CEO. "Our solution is designed to be an all-encompassing loyalty and cashback rewards program that provides players cash rewards for retention behavior like engagement, gameplay, and level ups, as well as for monetization activities like IAP and rewarded ad views, and tournaments—whatever behavior Partners choose to reward.
"This is the first multiple-game loyalty rewards program customized to Partner games to retain existing players, which costs far less than acquiring new ones. Our goal is to incent players to stay longer in a game and monetize more," said Mulford. "We offer our Partners all the tools to do just that."
acQyr eXchange, developed by Denver -based Targeted Shopping Solutions, Inc, is the first public exchange to create, track, and manage the digital assets (loyalty rewards, earned prizes, etc.) gamers acquire online which then can be redeemed for cash. QX was created to help mobile and online game publishers increase gameplay, improve customer retention, and grow revenue. By allowing gamers to own and exchange all earned rewards from participating games into local currency, the exchange is a unique and powerful platform for developers of all sizes. For further information, visit the company website .
Bill Wilson , CMO 720.442.1112 343371@email4pr.com
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NetDragon Websoft Holdings Limited ("NetDragon" or "the Company", Hong Kong Stock Code: 777), a global leader in building internet communities, is pleased to announce that Ms. Tang Yu, an AI-powered virtual humanoid robot, has been appointed as the Rotating CEO of its flagship subsidiary, Fujian NetDragon Websoft Co., Ltd. The appointment is a move to pioneer the use of AI to transform corporate management and leapfrog operational efficiency to a new level.
Tang Yu's appointment highlights the Company's "AI + management" strategy and represents a major milestone of the Company towards being a "Metaverse organization". Tang Yu will streamline process flow, enhance quality of work tasks, and improve speed of execution. Tang Yu will also serve as a real-time data hub and analytical tool to support rational decision-making in daily operations, as well as to enable a more effective risk management system. In addition, Tang Yu is expected to play a critical role in the development of talents and ensuring a fair and efficient workplace for all employees.
Dr. Dejian Liu , Chairman of NetDragon, commented, "We believe AI is the future of corporate management, and our appointment of Ms. Tang Yu represents our commitment to truly embrace the use of AI to transform the way we operate our business, and ultimately drive our future strategic growth. Looking forward, we will continue to expand on our algorithms behind Tang Yu to build an open, interactive and highly transparent management model as we gradually transform to a metaverse-based working community, which will enable us to attract a much broader base of talents worldwide and put us in a position to achieve bigger goals."
About NetDragon Websoft Holdings Limited
NetDragon Websoft Holdings Limited (HKSE: 0777) is a global leader in building internet communities with a long track record of developing and scaling multiple internet and mobile platforms that impact hundreds of millions of users, including previous establishments of China's first online gaming portal, 17173.com, and China's most influential smartphone app store platform, 91 Wireless.
Established in 1999, NetDragon is one of the most reputable and well-known online game developers in China with a history of successful game titles including Eudemons Online , Heroes Evolved , Conquer Online and Under Oath . In recent years, NetDragon has also started to scale its online education business on the back of management's vision to create the largest global online learning community, and to bring true integrated blended learning solutions to every school around the world.
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SOURCE NetDragon Websoft Holdings Limited
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According to the Chartered Governance Institute, "Good quality, ethical decision-making builds sustainable businesses and enables them to create long-term value more effectively." So it's no surprise that the head of start-up Neuralink (Elon Musk) has caused so many governance experts to try to wrap their brains around the decision he and a coworker made to have children together. Read More >>
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Dell Technologies (NYSE: DELL) announces financial results for its fiscal 2023 second quarter. Revenue was a second quarter record of $26.4 billion , up 9%, driven by growth across Client Solutions Group (CSG) and Infrastructure Solutions Group (ISG). Operating income was $1.3 billion , up 25%, representing 4.8% of revenue, and non-GAAP operating income was $2 billion , up 4%, representing 7.4% of revenue. Net income from continuing operations was $506 million and non-GAAP net income was $1.3 billion . Diluted earnings per share was $0.68 , and non-GAAP diluted earnings per share was $1.68 .
Second Quarter Fiscal 2023 Financial Results
(in millions, except per share amounts and percentages; unaudited)
Net income from continuing operations
Earnings per share - diluted
Non-GAAP earnings per share - diluted
Information about Dell Technologies' use of non-GAAP financial information is provided under "Non-GAAP Financial Measures" below. All comparisons in this press release are year-over-year unless otherwise noted.
Client Solutions Group delivered second quarter record revenue of $15.5 billion , up 9% year-over-year. Commercial revenue was $12.1 billion , a 15% increase year-over-year, and Consumer revenue was $3.3 billion , down 9% year-over-year. Focus on the commercial market continues to drive differentiated share results, with share gains in 34 of the last 38 quarters. 1 Operating income was $1 billion , or approximately 6.3% of Client Solutions Group revenue.
Infrastructure Solutions Group delivered record second quarter revenue of $9.5 billion , up 12% and its sixth consecutive quarter of year-over-year growth. Storage revenue was $4.3 billion , up 6%, with growth across the portfolio and demand strength in high-end storage and our marquee mid-range product PowerStore, which has now grown every quarter since its launch. Servers and networking revenue was $5.2 billion , up 16% year-over-year. Operating income was $1 billion or approximately 11% of Infrastructure Solutions Group revenue.
The largest release in PowerStore history and new PowerMaxOS10 software are now available, delivering more than 500 new Dell storage software advancements that help customers drive faster insights, achieve better multicloud data control and increase cyber resiliency.
Dell Technologies ended the quarter with remaining performance obligations of $41 billion , up 2% year-over-year, deferred revenue of $28 billion , and cash and investments of $7 .1 billion . Recurring revenue for the second quarter was approximately $5 .2 billion , up 8% year-over-year. APEX annual recurring revenue is now over $1 billion , with second quarter orders growth of 78% year-over-year.
As previously announced, the Company will hold a conference call to discuss its performance and financial guidance on Aug. 25, 2022 , at 4:30 p.m. CDT . Prior to the start of the conference call, prepared remarks and a presentation containing additional financial and operating information prior to guidance may be downloaded from investors.delltechnologies.com. The conference call will be broadcast live over the internet can be accessed at https://investors.delltechnologies.com/events-and-presentations/upcoming-events
For those unable to listen to the live broadcast, the final remarks and presentation with guidance will be available following the broadcast, and an archived version will be available at the same location for one year.
Read our quarterly blog from Bill Scannell , Dell Technologies president of Global Sales & Customer Operations, to learn more about how we are helping customers with their digital transformations: https://www.dell.com/en-us/blog/technology-investments-are-key-to-customers-competitive-advantage/
Environmental, Social and Governance (ESG)
Our Environmental, Social and Governance (ESG) efforts focus on driving positive impact for people and our planet while delivering long-term value for our stakeholders. The FY22 ESG report was published June 30, 2022 , and the Company held a conference call to discuss on July 21 . ESG resources can be accessed at https://www.dell.com/en-us/dt/corporate/social-impact/reporting/esg-governance.htm
Dell Technologies (NYSE:DELL) helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry's broadest and most innovative technology and services portfolio for the data era.
Copyright © 2022 Dell Inc. or its subsidiaries. All Rights Reserved. Dell Technologies, Dell, EMC and Dell EMC are trademarks of Dell Inc. or its subsidiaries. Other trademarks may be trademarks of their respective owners.
This press release presents information about Dell Technologies' non-GAAP net revenue, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income, non-GAAP net income attributable to non-controlling interests, non-GAAP net income attributable to Dell Technologies Inc. - basic, non-GAAP net income attributable to Dell Technologies Inc. - diluted, non-GAAP earnings per share attributable to Dell Technologies Inc. - basic, and non-GAAP earnings per share attributable to Dell Technologies Inc. - diluted, which are non-GAAP financial measures provided as a supplement to the results provided in accordance with generally accepted accounting principles in the United States of America ("GAAP"). A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure is provided in the attached tables for each of the fiscal periods indicated.
Special Note on Forward-Looking Statements:
Statements in this press release that relate to future results and events are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933 and are based on Dell Technologies' current expectations. In some cases, you can identify these statements by such forward-looking words as "anticipate," "believe," "confidence," "could," "estimate," "expect," "guidance," "intend," "may," "objective," "outlook," "plan," "project," "possible," "potential," "should," "will" and "would," or similar words or expressions that refer to future events or outcomes.
Dell Technologies' results or events in future periods could differ materially from those expressed or implied by these forward-looking statements because of risks, uncertainties, and other factors that include, but are not limited to, the following: risks and uncertainties relating to our spin-off of VMware, Inc., including the potential effects on our business of the transaction; the effects of the COVID-19 pandemic; competitive pressures; Dell Technologies' reliance on third-party suppliers for products and components, including reliance on single-source or limited-source suppliers; Dell Technologies' ability to achieve favorable pricing from its vendors; adverse global economic conditions and instability in financial markets; Dell Technologies' execution of its growth, business and acquisition strategies; the success of Dell Technologies' cost efficiency measures; Dell Technologies' ability to manage solutions and products and services transitions in an effective manner; Dell Technologies' ability to deliver high-quality products, software, and services; cyber attacks or other data security incidents; Dell Technologies' foreign operations and ability to generate substantial non-U.S. net revenue; Dell Technologies' product, services, customer, and geographic sales mix, and seasonal sales trends; the performance of Dell Technologies' sales channel partners; access to the capital markets by Dell Technologies or its customers; material impairment of the value of goodwill or intangible assets; weak economic conditions and the effect of additional regulation on Dell Technologies' financial services activities; counterparty default risks; the loss by Dell Technologies of any contracts for ISG services and solutions and its ability to perform such contracts at their estimated costs; loss by Dell Technologies of government contracts; Dell Technologies' ability to develop and protect its proprietary intellectual property or obtain licenses to intellectual property developed by others on commercially reasonable and competitive terms; disruptions in Dell Technologies' infrastructure; Dell Technologies' ability to hedge effectively its exposure to fluctuations in foreign currency exchange rates and interest rates; expiration of tax holidays or favorable tax rate structures, or unfavorable outcomes in tax audits and other tax compliance matters; impairment of portfolio investments; unfavorable results of legal proceedings; compliance requirements of changing environmental and safety laws or other laws; the effect of armed hostilities, terrorism, natural disasters, and public health issues; the effect of global climate change and legal, regulatory, or market measures to address climate change; Dell Technologies' dependence on the services of Michael Dell and key employees; Dell Technologies' level of indebtedness; the effect of the transition from LIBOR as a reference rate to calculate interest rates under our variable-rate indebtedness; and business and financial factors and legal restrictions affecting continuation of Dell Technologies' quarterly cash dividend policy and dividend rate.
This list of risks, uncertainties, and other factors is not complete. Dell Technologies discusses some of these matters more fully, as well as certain risk factors that could affect Dell Technologies' business, financial condition, results of operations, and prospects, in its reports filed with the SEC, including Dell Technologies' annual report on Form 10-K for the fiscal year ended January 28, 2022 , quarterly reports on Form 10-Q, and current reports on Form 8-K. These filings are available for review through the SEC's website at www.sec.gov . Any or all forward-looking statements Dell Technologies makes may turn out to be wrong and can be affected by inaccurate assumptions Dell Technologies might make or by known or unknown risks, uncertainties and other factors, including those identified in this press release. Accordingly, you should not place undue reliance on the forward-looking statements made in this press release, which speak only as of its date. Dell Technologies does not undertake to update, and expressly disclaims any duty to update, its forward-looking statements, whether as a result of circumstances or events that arise after the date they are made, new information, or otherwise.
1 Based on units, as of Q2 CY2022 IDC data. Data between Q1 CY2013 and Q2 CY2022.
DELL TECHNOLOGIES INC. FINANCIAL INFORMATION
Spin-Off of VMware, Inc. — On November 1, 2021 , Dell Technologies Inc. completed its spin-off of VMware, Inc. ("VMware") by means of a special stock dividend (the "VMware Spin-off"). In accordance with applicable accounting guidance, the results of VMware, excluding Dell's resale of VMware offerings, are presented as discontinued operations in the Condensed Consolidated Statements of Income and, as such, have been excluded from both continuing operations and segment results for the three and six months ended July 30 , 2021. The Condensed Consolidated Statements of Cash Flows are presented on a consolidated basis for both continuing operations and discontinued operations.
Consolidated Statements of Income and Related Financial Highlights
(in millions, except percentages; unaudited)
Total cost of net revenue
Net income from continuing operations
Income from discontinued operations, net of income taxes
Less: Net loss attributable to non-controlling interests
Less: Net income attributable to non-controlling interests of discontinued operations
Net income attributable to Dell Technologies Inc.
Percentage of Total Net Revenue:
Net income from continuing operations
Amounts are based on underlying data and may not visually foot due to rounding.
Consolidated Statements of Financial Position
Due from related party, net
Property, plant, and equipment, net
Due from related party, net
Total Dell Technologies Inc. stockholders' equity (deficit)
Total liabilities and stockholders' equity
Consolidated Statements of Cash Flows
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Change in cash from operating activities
Cash flows from investing activities:
Maturities and sales of investments
Capital expenditures and capitalized software development costs
Acquisition of businesses and assets, net
Change in cash from investing activities
Cash flows from financing activities:
Proceeds from the issuance of common stock
Repurchases of parent common stock (a)
Repurchases of subsidiary common stock (a)
Payments of dividends to stockholders
Debt-related costs and other, net
Change in cash from financing activities
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
Change in cash, cash equivalents, and restricted cash
Cash, cash equivalents, and restricted cash at beginning of the period, including cash attributable to discontinued operations
Cash, cash equivalents, and restricted cash at end of the period, including cash attributable to discontinued operations
Less: Cash, cash equivalents, and restricted cash attributable to discontinued operations
Cash, cash equivalents, and restricted cash from continuing operations
Common stock repurchases are inclusive of employee tax withholding on stock-based compensation.
(in millions, except percentages; unaudited; continued on next page)
% of total reportable segment operating income
% of total reportable segment operating income
Amounts are based on underlying data and may not visually foot due to rounding.
(in millions, except percentages; unaudited; continued)
Reconciliation to consolidated net revenue:
Impact of purchase accounting (c)
Reconciliation to consolidated operating income:
Impact of purchase accounting (c)
Other businesses consists of: 1) Dell's resale of standalone VMware, Inc. products and services, "VMware Resale," 2) Secureworks, and 3) Virtustream, and do not meet the requirements for a reportable segment, either individually or collectively.
Unallocated transactions includes other corporate items that are not allocated to Dell Technologies' reportable segments.
Impact of purchase accounting includes non-cash purchase accounting adjustments that are primarily related to the EMC merger transaction.
Transaction-related expenses includes acquisition, integration, and divestiture related costs.
Stock-based compensation expense consists of equity awards granted based on the estimated fair value of those awards at grant date.
Other corporate expenses includes impairment charges, incentive charges related to equity investments, severance, payroll taxes associated with stock-based compensation, facilities action, and other costs. During the three and six months ended Fiscal 2023, other corporate expenses includes impairment and other costs incurred in connection with exiting our business in Russia.
SUPPLEMENTAL SELECTED NON-GAAP FINANCIAL MEASURES
These tables present information about the Company's non-GAAP net revenue, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income, non-GAAP net income attributable to Dell Technologies Inc. - basic and diluted, non-GAAP earnings per share attributable to Dell Technologies Inc. - basic, and non-GAAP earnings per share attributable to Dell Technologies Inc. - diluted which are non-GAAP financial measures provided as a supplement to the results provided in accordance with generally accepted accounting principles in the United States of America ("GAAP"). A detailed discussion of Dell Technologies' reasons for including these non-GAAP financial measures, the limitations associated with these measures, the items excluded from these measures, and our reason for excluding those items are presented in "Management's Discussion and Analysis of Financial Condition and Results of Operations — Non-GAAP Financial Measures" in our periodic reports filed with the SEC. Dell Technologies encourages investors to review the non-GAAP discussion in these reports in conjunction with the presentation of non-GAAP financial measures.
(in millions, except per share amounts and percentages; unaudited)
Non-GAAP earnings per share - diluted
Amounts are based on underlying data and may not visually foot due to rounding.
Reconciliation of Selected Non-GAAP Financial Measures
(in millions, except percentages; unaudited; continued on next page)
Reconciliation of Selected Non-GAAP Financial Measures
(in millions, except percentages; unaudited; continued)
Net income from continuing operations
Fair value adjustments on equity investments
Aggregate adjustment for income taxes
Net income from continuing operations attributable to Dell Technologies Inc.
Fair value adjustments on equity investments
Aggregate adjustment for income taxes
Total non-GAAP adjustments attributable to non-controlling interests
Non-GAAP net income attributable to Dell Technologies Inc.
Reconciliation of Selected Non-GAAP Financial Measures
(in millions, except percentages and per share amounts; unaudited; continued)
Earnings per share from continuing operations attributable to Dell Technologies Inc.
Net income from continuing operations attributable to Dell Technologies Inc. — basic
Earnings per share attributable to Dell Technologies Inc. — basic
Net income from continuing operations attributable to Dell Technologies Inc. — diluted
Earnings per share attributable to Dell Technologies Inc. — diluted:
Earnings per share from discontinued operations attributable to Dell Technologies Inc.
Net income from discontinued operations attributable to Dell Technologies Inc. — basic
Earnings per share attributable to Dell Technologies Inc. — basic
Incremental dilution from VMware, Inc. attributable to Dell Technologies
Net income from discontinued operations attributable to Dell Technologies Inc. — diluted
Earnings per share attributable to Dell Technologies Inc. — diluted
Non-GAAP earnings per share attributable to Dell Technologies Inc.
Non-GAAP net income attributable to Dell Technologies Inc. — basic
Earnings per share attributable to Dell Technologies Inc. — basic
Non-GAAP net income attributable to Dell Technologies Inc. — diluted
Earnings per share attributable to Dell Technologies Inc. — diluted
Amounts may not visually recalculate due to rounding.
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After winning a gold medal in women ' s hockey and breaking the points record at the 2022 Beijing Olympics, the Dulcedo talent graces the cover along with Anaheim Ducks player Trevor Zegras
For the first time ever, a woman will grace the cover of EA SPORTS NHL video game with NHL 23. Olympian Sarah Nurse who broke the record for most points in a single Olympic tournament (five goals and 13 assists) helping Team Canada to secure Olympic Gold at the 2022 Olympics in Beijing now adds video game cover star to her extensive resume.
Nurse shares the cover of the NHL 23 game with NHL player Trevor Zegras of the Anaheim Ducks. "It is such a tremendous honor to be the first woman on the cover of the EA SPORTS NHL franchise," says Nurse, who has been with Dulcedo since 2018.
How this vision came to life is solely at the hands of one man, Dulcedo Sports & Entertainment senior agent Thomas Houlton . "In the latter part of 2021, I helped negotiate a licensing agreement between EA and Hockey Canada to include women in the NHL 22 video game for the first time ever," says Houlton. "The public reception was incredible and Sarah and I forged a strong relationship with EA SPORTS through that partnership."
This partnership provided a gateway to bigger aspirations. "I kind of jokingly said to a representative at EA, that our next conversation would need to be about landing the cover," laughs Houlton. Lo and behold, an Olympic Gold medal, and a tournament points record later, EA SPORTS called up Houlton to say they wanted Nurse to be the first woman on the cover of the NHL video game. And the rest is history as they say.
Though diversity is an important matter in mainstream these days, sports has seemed more careful lately when broaching this topic. "Having not only a woman but a woman of color on the cover of a video game in a male-dominated sport will have unfair criticism, so we applaud EA SPORTS for blazing a trail and taking a strong stance on being pro-diversity and inclusion, something that we take seriously at Dulcedo," says Houlton.
Nurse represents a double minority in the world of hockey as a woman of color but that is an element she prides herself on. "The thing I am most proud about with this campaign is the long lasting impact it will have on the next generation of female hockey players," says Houlton. "Every partnership with Sarah serves a greater purpose, to inspire those she is paving the way for. If young girls can see it, they can dream it, and ultimately be there one day," stresses Houlton. "Also, as a woman of color in hockey, Sarah has long been a champion of diversity and inclusion and I am so humbled to represent someone who is proud to carry that responsibility on her shoulders. She is unapologetically herself."
About Dulcedo: Founded in 2008, in Montréal, Dulcedo Management Group is a global multi-disciplinary talent management agency with head offices in Montréal and Toronto with a talent roster from all over the world. Dulcedo currently has four branches, representing talents within the Modeling, Sports, Influencer, and Gaming industries. Visit www.dulcedo.com to learn more.
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