Dell 2011 Annual Report Download - page 39

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Table of Contents
Fiscal Year Ended
February 3,
2012 January 28, 2011 January 29,
2010
Percentage of Total Net Revenue
GAAP gross margin 22.3 % 18.5 % 17.5 %
Non-GAAP adjustments 0.5 % 0.6 % 0.7 %
Non-GAAP gross margin 22.8 % 19.1 % 18.2 %
GAAP operating expenses 15.2 % 12.9 % 13.4 %
Non-GAAP adjustments (0.7)% (0.6)% (0.8)%
Non-GAAP operating expenses 14.5 % 12.3 % 12.6 %
GAAP operating income 7.1 % 5.6 % 4.1 %
Non-GAAP adjustments 1.2 % 1.1 % 1.5 %
Non-GAAP operating income 8.3 % 6.7 % 5.6 %
GAAP net income 5.6 % 4.3 % 2.7 %
Non-GAAP adjustments 0.8 % 0.8 % 1.2 %
Non-GAAP net income 6.4 % 5.1 % 3.9 %
37