Dell: shares soar on higher-than-expected earnings
(CercleFinance.com) - Dell Technologies reported better-than-expected second-quarter results, driven by a healthy PC demand environment, which prompted its shares to jump by over 13% on Friday.
For the second quarter to 2 August, operating income was 519 million dollars, compared to an operating loss of 13 million dollars last year, on revenue that rose by 2% to 23.4 billion dollars.
Revenue in the Infrastructure Solutions Group - which includes its servers and network equipment business - was 8.6 billion dollars in the past quarter, down 7%.
But the Client Solutions Group - which makes desktop PCs, notebooks and tablets - saw its revenue increase 6% to 11.7 billion dollars.
Finally, the VMware cloud unit had revenue of 2.5 billion dollars, up 12%.
The New York-listed shares were up 13.2% after these numbers.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
For the second quarter to 2 August, operating income was 519 million dollars, compared to an operating loss of 13 million dollars last year, on revenue that rose by 2% to 23.4 billion dollars.
Revenue in the Infrastructure Solutions Group - which includes its servers and network equipment business - was 8.6 billion dollars in the past quarter, down 7%.
But the Client Solutions Group - which makes desktop PCs, notebooks and tablets - saw its revenue increase 6% to 11.7 billion dollars.
Finally, the VMware cloud unit had revenue of 2.5 billion dollars, up 12%.
The New York-listed shares were up 13.2% after these numbers.
Copyright (c) 2019 CercleFinance.com. All rights reserved.