Search
Dell Technologies unveiled its financial results for the third quarter, revealing that its Infrastructure Solutions Group achieved a net revenue of $14.11 billion and an adjusted operating profit of $2.5 billion, marking an 11% increase year on year. The company anticipates its annual revenue to range between $111.2 billion and $112.2 billion, surpassing the earlier projection of $105 billion to $109 billion. Notably, within these financial figures, AI server shipments contributed a substantial $25.8 billion, exceeding both analyst predictions of $20.82 billion and the company's initial estimate of $20 billion. Looking ahead to the fourth quarter, revenue is expected to hit $31 billion to $32 billion, though this falls short of analysts' anticipated $37.64 billion. After the earnings announcement, Dell Technologies' stock price climbed 1.92% in after-hours trading.
-
C114 Communication Network -
Communication Home
