Exhibit 99.3

UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

The unaudited pro forma condensed combined statements of loss for the six months ended July 29, 2016 and the year ended January 29, 2016 combine the historical consolidated statements of income (loss) of Dell Technologies Inc. (formerly known as Denali Holding Inc.) (“the Company”) and EMC Corporation (“EMC”), giving effect to the merger and related financing transactions as if they had occurred on January 31, 2015, the first day of the fiscal year ended January 29, 2016. The unaudited pro forma condensed combined statement of loss for the year ended January 29, 2016 additionally reflects the classification as discontinued operations of Dell Services and Dell Software Group due to their anticipated dispositions as if they had occurred on January 31, 2015. The anticipated dispositions of Dell Services and Dell Software Group have already been accounted for as discontinued operations in the Company’s statement of income (loss) for the six months ended July 29, 2016. The unaudited pro forma condensed combined statement of financial position as of July 29, 2016 combines the historical consolidated statements of financial position of the Company and EMC, giving effect to the merger and related financing transactions as if they had occurred on July 29, 2016. The historical consolidated financial information has been adjusted in the unaudited pro forma condensed combined financial statements to give effect to pro forma events that are (i) directly attributable to the merger, (ii) factually supportable, and (iii) with respect to the statements of loss, expected to have a continuing impact on the combined company’s results. The unaudited pro forma condensed combined financial statements should be read in conjunction with the accompanying notes to the unaudited pro forma condensed combined financial statements. In addition, the unaudited pro forma condensed combined financial information was based on, and should be read in conjunction with, the historical consolidated financial statements of the Company and EMC, including the related notes, filed with the U.S. Securities and Exchange Commission (“SEC”).

The unaudited pro forma adjustments are based upon available information and certain assumptions that the Company believes are reasonable under the circumstances. The unaudited pro forma condensed combined financial information, as it relates to the EMC merger, has been prepared by the Company using the acquisition method of accounting in accordance with GAAP. The Company has been treated as the acquirer in the merger for accounting purposes. The acquisition accounting is dependent upon certain valuation and other studies that have yet to progress to a stage where there is sufficient information for a definitive measurement. The assets and liabilities of EMC have been measured based on various preliminary estimates using assumptions that the Company believes are reasonable based on information that is currently available to it. Differences between these preliminary estimates and the final acquisition accounting will occur, and those differences could have a material impact on the accompanying unaudited pro forma condensed combined financial statements and the combined company’s future results of operations and financial position. The unaudited pro forma adjustments are preliminary and have been made solely for the purpose of providing unaudited pro forma condensed combined financial statements prepared in accordance with the rules and regulations of the SEC.

The unaudited pro forma condensed combined financial information is presented for informational purposes only. The unaudited pro forma condensed combined financial information does not purport to represent what the combined company’s results of operations or financial condition would have been had the merger or anticipated dispositions of Dell Services and Dell Software Group actually occurred on the dates indicated, and does not purport to project the combined company’s results of operations or financial condition for any future period or as of any future date.

The unaudited pro forma condensed combined financial information does not reflect all potential divestitures that may occur subsequent to the completion of the merger, the projected realization of revenue synergies, or cost savings that may be realized as a result of the merger. Additionally, the unaudited pro forma condensed combined financial information does not include adjustment for any changes in compensation plans, as such changes are not expected to be material.

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UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF LOSS

See accompanying notes to Unaudited Pro Forma Condensed Combined Financial Statements.

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UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF LOSS

See accompanying notes to Unaudited Pro Forma Condensed Combined Financial Statements.

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UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF FINANCIAL POSITION

See accompanying notes to Unaudited Pro Forma Condensed Combined Financial Statements.

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NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

On September 7, 2016, Universal Acquisition Co, a wholly owned subsidiary of the Company (“Merger Sub”), merged with and into EMC (the “merger”), with EMC surviving as a wholly owned subsidiary of the Company. Pursuant to the terms of the merger agreement, upon the completion of the merger, each issued and outstanding share of common stock, par value $0.01 per share, of EMC (the “EMC Common Stock”) was converted into the right to receive (1) $24.05 in cash, without interest, and (2) 0.11146 validly issued, fully paid and non-assessable shares of common stock of the Company designated as Class V Common Stock, par value $0.01 per share (the “Class V Common Stock”), plus cash in lieu of any fractional shares. The shares of Class V Common Stock are intended to track and reflect the economic performance of the “Class V Group” of the Company, which initially has attributed to it approximately 65% of EMC’s current economic interest in the business of VMware, Inc., a Delaware corporation (“VMware”), which currently consists of approximately 343 million shares of common stock, par value $0.01 per share, of VMware held by EMC. The Class V Common Stock is intended to track the performance of such portion of the Company’s economic interest in the VMware business following the completion of the merger, but there can be no assurance that the market price of the Class V Common Stock will, in fact, reflect the performance of such economic interest.

The issuance of the Class V Common Stock in connection with the merger was registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the Company’s registration statement on Form S-4 (the “Form S-4 Registration Statement”). The proxy statement/prospectus included in the Form S-4 Registration Statement contains additional information about the merger.

The unaudited pro forma condensed combined financial statements were prepared using the acquisition method of accounting for the Dell Technologies Inc./EMC merger and are based on the historical consolidated financial statements of the Company and EMC. The Company’s fiscal year end is the 52 or 53 week period ending on the Friday nearest January 31 while EMC’s fiscal year end is December 31. The Company’s fiscal year ended January 29, 2016 included 52 weeks. The unaudited pro forma condensed combined statement of loss for the six months ended July 29, 2016 combines the Company’s condensed consolidated statement of income (loss) for the six months ended July 29, 2016 with EMC’s condensed consolidated income statement for the six months ended June 30, 2016. The unaudited pro forma condensed combined statement of loss for the year ended January 29, 2016 combines the Company’s consolidated statement of income (loss) for the fiscal year ended January 29, 2016 with EMC’s consolidated income statement for the fiscal year ended December 31, 2015. The unaudited pro forma condensed combined statement of loss for the year ended January 29, 2016 additionally reflects the classification as discontinued operations of Dell Services and Dell Software Group due to their anticipated dispositions as if they had occurred on January 31, 2015. The anticipated dispositions of Dell Services and Dell Software Group have already been accounted for as discontinued operations in the Company’s statement of income (loss) for the six months ended July 29, 2016. The unaudited pro forma condensed combined statement of financial position as of July 29, 2016 combines the Company’s consolidated statement of financial position as of July 29, 2016 with EMC’s consolidated balance sheet as of June 30, 2016. In addition, EMC’s historical “restructuring and acquisition-related expenses” have been reclassified to conform with the Company’s presentation as shown below:

The acquisition method of accounting is based on ASC 805, and uses the fair value concepts defined in ASC 820, Fair Value Measurements. ASC 805 requires, among other things, that most assets acquired and liabilities assumed be recognized at their fair values as of the acquisition date.

Under ASC 805, acquisition-related transaction costs are not included as a component of consideration transferred but are accounted for as expenses in the periods in which such costs are incurred, or if related to the

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issuance of debt, recorded as a contra-liability. Acquisition-related transaction costs expected to be incurred by the Company include estimated fees related to the issuance of long-term debt, as well as financial advisory, legal and accounting fees. Total acquisition-related transaction costs expected to be incurred by the Company and EMC are estimated to be approximately $1.8 billion, which includes an estimated $1.1 billion of debt issuance costs and discounts. During the year ended January 29, 2016, the Company incurred $39 million of acquisition-related costs and EMC incurred $15 million of acquisition-related costs. During the six months ended July 29, 2016, the Company incurred $42 million of acquisition-related costs and EMC incurred $16 million of acquisition-related costs.

The unaudited pro forma condensed combined statement of financial position as of July 29, 2016 is required to include adjustments which give effect to events that are directly attributable to the merger regardless of whether they are expected to have a continuing impact on the combined results or are non-recurring. Therefore, acquisition-related transaction costs expected to be incurred by the Company and EMC subsequent to July 29, 2016 of approximately $1.7 billion are reflected as a pro forma adjustment to the unaudited pro forma condensed combined statement of financial position as of July 29, 2016 as follows:

ASC 820 defines the term “fair value,” sets forth the valuation requirements for any asset or liability measured at fair value, expands related disclosure requirements and specifies a hierarchy of valuation techniques based on the nature of the inputs used to develop the fair value measures. Fair value is defined in ASC 820 as “the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.” This is an exit price concept for the valuation of the asset or liability. In addition, market participants are assumed to be buyers and sellers in the principal (or the most advantageous) market for the asset or liability. Fair value measurements for an asset assume the highest and best use by these market participants. As a result of these standards, the Company may be required to record the fair value of assets which are not intended to be used or sold and/or to value assets at fair value measures that do not reflect the Company’s intended use of those assets. Many of these fair value measurements can be highly subjective, and it is possible that other professionals, applying reasonable judgment to the same facts and circumstances, could develop and support a range of alternative estimated amounts.

The unaudited pro forma condensed combined financial statements do not reflect all potential divestitures that may occur subsequent to the completion of the merger, the projected realization of revenue synergies and cost savings following completion of the merger or any potential changes in compensation plans. Although the Company projects that revenue synergies and cost savings will result from the merger, there can be no assurance that these cost savings will be achieved. Management currently estimates that cost savings will be approximately $3.4 billion resulting from increased efficiencies in the operations of the combined company, as well as initiatives to reduce costs for the Company and EMC on a standalone basis.

Based on the Company’s preliminary review of EMC’s accounting policies, the Company has identified a difference between the Company’s and EMC’s policies in the presentation of accounts receivable. In certain circumstances, EMC presents these balances net of related deferred revenue, while the Company primarily presents these receivables and the related deferred revenue on a gross basis. For the presentation of the unaudited pro forma condensed combined statement of financial position, EMC’s presentation has been conformed to the Company’s presentation, resulting in an increase in accounts receivable and deferred revenue of $1.4 billion prior to purchase accounting adjustments. The Company is currently performing a further review of EMC’s accounting policies. As a result of that review, the Company may identify differences between the accounting policies of the two companies that, when conformed, could have a material impact on the combined financial statements.

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The following is a preliminary estimate of the consideration expected to be transferred, assets to be acquired, and liabilities to be assumed by the Company in the merger, reconciled to the estimate of total consideration expected to be transferred:

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The fair value of identifiable intangible assets is determined primarily using variations of the “income approach,” which is based on the present value of the future after-tax cash flows attributable to each identifiable intangible asset. Other valuation methods, including the market approach and cost approach, were also considered in estimating the fair value.

As of the date of this filing, the Company does not have sufficient information as to the amount, timing, and risk of the cash flows from all of EMC’s identifiable intangible assets to definitively determine their fair value. Some of the more significant assumptions inherent in the development of intangible asset values, from the perspective of a market participant, include, but are not limited to: the amount and timing of projected future cash flows (including revenue and profitability); the discount rate selected to measure the risks inherent in the future cash flows; the assessment of the asset’s life cycle; and the competitive trends impacting the asset. However, for purposes of these unaudited pro forma condensed combined financial statements, the fair value of EMC’s identifiable intangible assets and their weighted-average useful lives have been preliminarily estimated as follows:

Pro Forma Adjustments to the Statement of Loss:

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The weighted-average interest rate of new debt incurred is assumed to be 4.50%. A change in the assumed weighted average interest rate of 0.125% would cause a corresponding increase or decrease in the annual interest expense by $57 million.

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Pro Forma Adjustments to the Statement of Financial Position:

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The Company will incur debt in the form of revolving loans, term loans, senior notes, bridge loans and other permanent financing with interest rates ranging from 2% to up to 9% and maturities ranging from 1-30 years. The adjustment above does not reflect the June 2016 issuance of First Lien Notes and Senior Unsecured Notes as these notes are reflected in Dell Technologies Inc.’s statement of financial position as of July 29, 2016.

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