Slide 1: Dell Investor Relations – 2Q FY14 Performance Review
Exhibit 99.3 August Dell 2Q15, Investor FY’14 2013 Relations Performance – 2Q Review FY14 Performance Review See Financial History at www.dell.com/investor
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Non-GAAP This GAAP discussion encourage Special Statements words differ Dell’s economic cost-efficiency revenue; conditions the disruptions; rate personnel; uncertainties risks merger merger, and 2effect time equity structures, presentation that materially of reliance as financial ag
Slide 3: Dell Earnings Review 2Q FY14
DellEarnings 32Q 2Q FY’14 Dell Review Investor Relations – 2Q FY14 Performance Review See Financial History at www.dell.com/investor
Slide 4: 2Q FY14 GAAP Consolidated P&L
2Qin% $Consolidated Y/Y 2Q’13 Units Revenues Gross GM SG&A R&D Opex Operating OpInc Income Effective Net NI Diluted 41Percentages FY’14 Income Millions—except % Seq of % Operating Opex (thousands) Margin % 1Q’14 of Operating Opex Tax EPS revenue Dell ofof Tax revenue 14,483 Expenses Income Consolida
Slide 5: 2Q FY14 Highlights
2Q The Efficient, Practical innovation affordable top worldwide •TRANSFORM Our Integrating Connecting END 5ENTERPRISE We For FY’14 5leading differentiated customers’ end-to-end continue the to USERS increase Dell 3rd revenue Superior Highlights model PC simple &optimizing provider year Investor Simp
Slide 6: 2Q Dell Delivered Summary
2QDell Delivered Gross Operating Tax Earnings 6Cash FY’14 rate flow margin Investor was per revenue expenses income from Non-GAAP 21.1% share was Relations operations was $2.8B ofwere $14.5B, $0.25, $602M Summary at –$2.2B was 2Q 19.6% down flat or FY14 $1.7B; at4.1% Y/Y of 15.4% -50% revenue, Perfo
Slide 7: Non-GAAP Consolidated P&L
2Qin% Revenue $Consolidated 2Q’13 Growth Units Revenues Gross GM SG&A R&D Opex Operating OpInc Income Effective Net NI Diluted 71Percentages FY’14 Income Millions—except %of % Operating Opex (thousands) Margin % 1Q’14 of Operating Opex Tax EPS Growth revenue Dell of Detail of Tax revenue 14,483 Expe
Slide 8: Non-GAAP Consolidated P&L Detail: Gross Margin
2Qin% $Consolidated 2Q’13 Growth Units Revenues Gross GM SG&A R&D Opex Operating OpInc Income Effective Net NI Diluted 81Percentages FY’14 Income Millions—except %of % Operating Opex (thousands) Margin % 1Q’14 of Operating Opex Tax EPS Growth revenue Dell ofof Tax revenue 14,483 Expenses Income Cons
Slide 9: Non-GAAP Consolidated P&L Detail: Operating Expenses and Income
2QDell $Consolidated 2Q’13 Growth Units Revenues Gross GM SG&A R&D Opex Operating OpInc Income Effective Net NI Diluted 91Percentages in% FY’14 Income Millions—except %of % Operating Opex (thousands) Margin Investor % 1Q’14 of Operating Opex Tax EPS Growth revenue ofof Tax revenue 14,483 Expense Exp
Slide 10: Non-GAAP Interest, Other, Taxes and EPS
2QinDell Interest $Consolidated Y/Y 2Q’13 Growth Units Revenues Gross GM SG&A R&D Opex Operating OpInc Income Effective Net NI Diluted 1Percentages 10 %FY’14 Income Millions—except % Seq of % Operating Opex (thousands) Margin % 1Q’14 of Operating Opex Investor Tax & EPS Growth revenue of •of Tax rev
Slide 11: Cash Flow and Cash Conversion Cycle
• Cash $3.2B $4.4B conversion in –2Q’13 to Cash 2Q CCC -36 1Trailing 11Days days 92 Dell FY’14 ‘1313 -36 Flow Conversion -30 days $3.7B 3Q and sales payables payable Investor -32 Twelve 3Q ‘13 Cash investments from cycle outstanding $3.3B -31 ‘1313 4Q’13 Flow Relations Operations1 outstanding primar
Slide 12: Segment Summary P&L
2QinDell $Product Enterprise Solutions Revenues Group Operating Y/Y Q/Q 1Reflects 12 FY’14 Millions Growth, Investor &business Services 3,324 Income Income, Product End Services %User bps8% 7% 2,136 Relations —80bps —30bps 137 unit Software & %Segment 2% 1%Services 4.1% 310 339 results; NM 5%—10bps
Slide 13: Enterprise Solutions Group Revenue and Operating Income
2QinDell Revenue 4.9% $3.1B 2Q’13 $Enterprise Revenues Operating Y/Y Q/Q 13 FY’14 Millions Growth, OpInc $3.1B 1Q’14 Investor &3,086 Income Income, Enterprise Solutions Operating 4.4% $3.3B 2Q’13 % bps 2Q’14 10% 7% 3,093 Relations 160 —30bps OpInc 151 % 87% to 1Q’14 Group Servers, 8% Solutions 4.9%
Slide 14: Enterprise Solutions Group Detail: Servers and Networking
2QDell Servers, (Revenue 2622, 464 2Q’13 Revenue business Server hyper Networking Y/Y 14 FY’14 424 growth 2,669 scale 1Q’14 business Investor Networking 432 for of$Enterprise data in $2.9B, 2,892 up 9 2Q’14 out Millions) +19% performed center Relations ofup2Q’13 the &Solutions Y/Y; +10% solutions Pe
Slide 15: Services Revenue and Operating Income
2QinDell Revenue 7,576 16.0% 7,198 $2.1B Deferred 2Q’13 $Services Revenues Operating Y/Y Q/Q 15 FY’14 Millions Growth, 7,402 6,982 $2.1B 1Q’14 OpInc Investor P&L & Extended 2,097 Income Income, Services Operating 7,441 7,004 $2.1B 2Q’13 % bps 17.6% 2Q’14 2% 1% 2,109 Relations 130 —170bps 336 % Other
Slide 16: Services Detail: Support and Deployment
2QDell Support (Revenue 1,192 574 331 2Q’13 Revenue Y/Y rates hardware 16 FY’14 612 295 growth and 1,202 1Q’14 Investor & 601 312 up other offerings $Services Deployment in +3% 1,223 in2Q’14 Millions) ProSupport services Relations Y/Y (Revenue Y/Y Detail 2Q’13 totied Infrastructure, &$1.2B –attach S
Slide 17: Software Revenue and Operating Income
2Q Revenue balance -28.7% by -12.0% •products 2Q’13 $95M $Software Revenues Operating Y/Y Q/Q 17 Operating inDell +76% FY’14 Millions Growth, 1Q’14 OpInc Investor of& P&L Y/Y 95 Income Income, Software $685M Operating loss 295 2Q’13 % bps 2Q’14 growth -20.1% $295M NM 5% of Relations NM 310 860bps -1
Slide 18: End User Computing Revenue and Operating Income
2QinDell Revenue 7.3% $9.6B 22% 2Q’13 39% $End Revenues Operating Y/Y Q/Q 18 FY’14 Millions User Growth, OpInc $8.9B 1Q’14 Investor &Computing 9,571 Income Income, End Operating 2.5% $9.1B 2Q’13 % bps 2Q’14 User -9% 2% 8,920 Relations —400 —30bps OpInc 696 %to 1Q’14 Computing Deskto -5% P&L 7.3% Inc
Slide 19: End User Computing Detail: Desktops and Mobility
2QDell Desktops (Revenue 3,504 2,12 2Q’13 Revenue Maintaining traditional traction client 19 FY’14 2,029 businesses 3,273 1Q’14 Investor inup &$all-in-one End desktops, 2,020 in Thin +1% 3,550 strong 2Q’14 Millions) User Relations Y/Y Client 3,946 position Computing good 2Q’13 and toMobility (Revenu
Slide 20: Regional Revenue Dynamics
2QinDell $Regional 2Q’13 Americas EMEA APJ Sequential Y/Y 20 FY’14 Millions –Growth, China 3Q’13 Investor Dynamics Revenue •Regional Growth, APJ flat •% 4Q’13 EMEA revenue -6% —7% -12% Relations Y/Y •% Americas and 1Q’14 —9% —11% revenue 6% -4% -8% —15% BRIC was —5% –—4% —8% -10% 2Q’14 2Q up -9% rev
Slide 21: Dell's Commitment to Our People, Communities and Planet
’s commitment Our Dell’s Social Germany, building and Dell guided, 21 Dell the Planet recently FY13 Innovation US Investor measured toMexico Our suppliers matching Corporate joined to Communities Relations our and Challenge and the who over planet, rewarded the Responsibility SPLC, had Dell $80K – 2
Slide 22: Supplemental Non-GAAP Measures
DellDell Supplemental 22 2QInvestor FY14Non-GAAP Relations Measures – 2Q FY14 Performance Review See Financial History at www.dell.com/investor
Slide 23: Supplemental Non-GAAP Net Income and EPS
Supplemental ($ Amortization Severance Acquisition- Other1 Aggregate Total Percentage GAAP 1Non- 23Includes millions, Dell adjustments GAAP EPS Net 0Investor 0&expenses Tax- 0Income of except 0.48 adjustments: EPS adjustments Net related 0facility of Total Non-GAAP 0adjustments intangibles Relations
Slide 24: Supplemental Non-GAAP Gross Margin
Supplemental ($ Amortization Severance Acquisition- Other1 Total Percentage GAAP 1Non- 24Includes millions) Dell adjustments GAAP Gross 0Investor 0&expenses 0of 2Q’12 adjustments: adjustments Gross related 0facility Margin of Total Non-GAAP 0 intangibles Relations 0 to 03Q’12 Margin Net 26 associate
Slide 25: Supplemental Non-GAAP Operating Expenses
Supplemental ($ Amortization Severance Acquisition- Other1 Total Percentage GAAP 1Non- 25Includes millions) Dell adjustments GAAP operating 0Investor 0&expenses 0of 2Q’12 adjustments: adjustments operating related 0facility of Total Non-GAAP 0 intangibles Relations 0expenses to 03Q’12 Net (61) assoc
Slide 26: Supplemental Non-GAAP Operating Income
Supplemental ($ Amortization Severance Acquisition- Other1 Total Percentage GAAP 1Non- 26Includes millions) Dell adjustments GAAP operating 0Investor 0&expenses 0of 2Q’12 adjustments: adjustments operating related 0facility of Total Non-GAAP 0 intangibles Relations 0income to 03Q’12 Net 87 associate
Slide 27: Supplemental Non-GAAP Free Cash Flow
Supplemental ($ Cash Capital Financing Net 27 millions) Dell TTM Free flow expenditures Investor Cash Free receivables from 2Q’12 Non-GAAP Flow Cash operations Relations 3Q’12 2,315 Flow (549) (159) 375 4Q’12 100 5,061 Measures 412 83 –720 (670) (214) 5,235 2,374 2Q 210 372 1,882 FY14 4,915 (675) (1