Aug, 2024 : Dells Q2 Earnings Surge on 80% Growth in AI Server Sales

Dellâs Q2 Earnings Surge on 80% Growth in AI Server Sales

📅 August 30, 2024 - Dell Technologies reported its quarterly financial results yesterday, exceeding Wall Street expectations, primarily driven by a remarkable 80% surge in server sales. The strong performance led to a more than 3% increase in the company's stock during after-hours trading.

For the fiscal second quarter, Dell Technologies reported a revenue of $24.53 billion, slightly below the estimated $25.03 billion. However, the adjusted earnings per share (EPS) came in at $1.89, surpassing the anticipated $1.71. This represents a significant year-over-year improvement, with net income soaring 85% to $841 million, or $1.17 per share, from $455 million, or 63 cents per share, in the same period last year. [...][... Check source for end of article ...]

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