Technology

Dell Technologies Delivers Fourth Quarter and Full Year Fiscal 2024 Financial Results PR Newswire ROUND ROCK, Texas, Feb. 29, 2024 News summary — Fourth quarter revenue of $22.3 billion and full-year revenue of $88.4 billion — Full-year operating income of $5.2 billion and non-GAAP operating income of $7.7 billion — Full-year cash flow from operations of $8.7 billion — Full-year diluted earnings per share of $4.36 and non-GAAP diluted earnings per share of $7.13 — Announcing a 20% increase in annual cash dividend to $1.78 per common share ROUND ROCK, Texas, Feb. 29, 2024 /PRNewswire/ — Full story Dell Technologies (NYSE: DELL) announces financial results for its fiscal 2024 fourth quarter and full year. Fourth quarter revenue was $22.3 billion, down 11% year over year. Operating income was $1.5 billion and non-GAAP operating income was $2.1 billion, up 25% and down 1% year over year, respectively. Cash flow from operations […]

Dell Technologies: AI-Optimized-Server Orders Increased Nearly 40% Sequentially.

Dell Technologies (NYSE:DELL) reported quarterly earnings of $2.20 per share which beat the analyst consensus estimate of $1.73 by 27.17 percent. The company reported quarterly sales of $22.30 billion which beat the analyst consensus estimate of $22.16 billion by 0.62 percent. This is a 10.94 percent decrease over sales of $25.04 billion the same period last year.

DELL TECHNOLOGIES Reports Q4 Revenue $22.3B, vs. Street Est of $22.17B.

By Denny Jacob Dell Technologies reported a double-digit increase in adjusted net income for the fourth quarter as demand for its AI-optimized servers heated up. The PC-maker on Thursday said its bottom line, adjusted for one-time items, increased 22% for the quarter ended Feb. 2. Its top line declined to $22.32 billion, but came in slightly better than Wall Streets forecasts. Our strong AI-optimized server momentum continues, with orders increasing nearly 40% sequentially and backlog nearly doubling, said Chief Operating Officer Jeff Clarke. The Round Rock, Texas-based companys Infrastructure Solutions segment increased 10% overall from the AI boost, while storage revenue rose 16%. Dell said orders for its AI-optimized servers came from a wider range of customers and geographies. Here is how Dell did in the fourth quarter: — Revenue declined 11% to $22.32 billion from $25.04 billion in the year-ago quarter. Analysts expected $22.17 billion. — Adjusted net income

Dell Technologies (DELL) reported fiscal Q4 non-GAAP earnings late Thursday of $2.20 per diluted share, up from $1.80 a year earlier. Analysts polled by Capital IQ expected $1.72. Net revenue for the quarter ended Feb. 2 was $22.32 billion, down from $25.04 billion a year earlier. Analysts surveyed by Capital IQ expected $22.17 billion. Dell said it’s raising its annual dividend by 20% to $1.78 per share, with $0.445 per share for the first quarterly distribution payable on May 3 to shareholders on April 23. The company’s shares were rising past 15% in recent Thursday after-hours trading.