Reported about 1 month ago
Dell Technologies Inc. reported revenue of $25 billion for the fiscal second quarter, surpassing expectations due to a rise in sales of AI-optimized servers, which totaled $3.2 billion. The company's strong performance was aided by increased orders from smaller cloud service providers and potential growth opportunities in the enterprise and government sectors. While Dell's average revenue from personal computers fell by 4% compared to the previous year, overall investor interest surged due to its AI capabilities. Analysts are optimistic about the company's future sales projections, estimating approximately $24.5 billion for the next quarter.
Source: YAHOO