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In a press release, the company reported that its net income for the quarter ending May 2 was $965 million, down from $992 million in the same period of the prior fiscal year. Earnings per share remained the same at $1.37.
Profits, excluding exceptional items, increased by 17% to $1.55 for each share. On average, analysts surveyed by FactSet anticipated $1.7 per share.
Dell's quarterly revenue rose 5% to $23.4 billion, surpassing the market expectation of $23.2 billion.
Dell gave shareholders a historic $2.4 billion last quarter via dividends and share buybacks.
In the ongoing fiscal quarter, the organization anticipates revenue ranging from $28.5 to $29.5 billion and adjusted earnings of $2.25 per share. This greatly surpasses analysts' consensus prediction, which anticipated the initial figure at $25.3 billion and the latter at $2.11 per share.
The positive outlook is primarily attributed to the company securing $12.1 billion in orders for servers that support artificial intelligence technologies last quarter, anticipating the delivery of approximately $7 billion in equipment this quarter. MarketWatch highlights that the former quarterly record for this segment was merely $3.1 billion.
source: marketwatch.com
Profits, excluding exceptional items, increased by 17% to $1.55 for each share. On average, analysts surveyed by FactSet anticipated $1.7 per share.
Dell's quarterly revenue rose 5% to $23.4 billion, surpassing the market expectation of $23.2 billion.
Dell gave shareholders a historic $2.4 billion last quarter via dividends and share buybacks.
In the ongoing fiscal quarter, the organization anticipates revenue ranging from $28.5 to $29.5 billion and adjusted earnings of $2.25 per share. This greatly surpasses analysts' consensus prediction, which anticipated the initial figure at $25.3 billion and the latter at $2.11 per share.
The positive outlook is primarily attributed to the company securing $12.1 billion in orders for servers that support artificial intelligence technologies last quarter, anticipating the delivery of approximately $7 billion in equipment this quarter. MarketWatch highlights that the former quarterly record for this segment was merely $3.1 billion.
source: marketwatch.com
