Dell: Q3 EPS down 18%

(CercleFinance.com) - On Thursday evening Dell Technologies reported Q3 adjusted (non-GAAP) EPS that is down 18% y-o-y at $1.
88, with adjusted operating profit down 17% at $1.96bn.

The IT equipment manufacturer's revenues contracted 10% y-o-y to less than $22.3bn, with declines in both its infrastructure solutions (-12%) and client solutions (-11%) divisions.

Dell management says that its server and networking business grew 9% sequentially, fuelled by customer interest in generative AI, with it expecting future revenue growth given the favourable tailwinds.


Copyright (c) 2023 CercleFinance.com. All rights reserved.