About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Michael Dell, Chairman and CEO of Dell Technologies, is speaking at the Mobile World Congress 2024 in Barcelona, Spain, on February 27, 2024. Dell reported first-quarter earnings on Thursday that beat analyst estimates for earnings and sales, as the company has emerged as one of the top vendors for AI servers. Shares fell about 12% in extended trading. When the company reported earnings in February, it reported earnings per share that were significantly higher than expectations. This quarter, Dell's earning ...

Financial Performance - Dell Technologies reported first quarter fiscal 2025 revenue of $22.2 billion, representing a 6% increase year over year[2]. - Operating income decreased by 14% to $920 million, while non-GAAP operating income fell 8% to $1.5 billion[2][5]. - Total consolidated net revenue for the three months ended May 3, 2024, was $22,244 million, representing a 6% increase compared to $20,922 million for the same period in 2023[39]. - Net income for the three months ended May 3, 2024, was $955 million, a 65% increase from $578 million in the same period last year[39]. - Non-GAAP operating income decreased by 8% to $1,474 million, with a non-GAAP operating margin of 6.6% compared to 7.6% in the prior year[39]. Revenue Breakdown - The Infrastructure Solutions Group (ISG) generated $9.2 billion in revenue, up 22% year over year, with servers and networking revenue reaching a record $5.5 billion, up 42%[4][6]. - Client Solutions Group (CSG) revenue remained flat at $12.0 billion, with commercial client revenue increasing by 3% to $10.2 billion, while consumer revenue declined by 15% to $1.8 billion[4][7]. - Infrastructure Solutions Group (ISG) net revenue increased by 22% to $9,227 million, driven by a 42% increase in servers and networking revenue[29]. - Client Solutions Group (CSG) net revenue remained stable at $11,967 million, with commercial revenue increasing by 3% while consumer revenue decreased by 15%[29]. Earnings and Shareholder Returns - Diluted earnings per share increased by 67% to $1.32, while non-GAAP diluted earnings per share decreased by 3% to $1.27[4][5]. - Dell returned $1.1 billion to shareholders through share repurchases and dividends, ending the quarter with $7.3 billion in cash and investments[3]. - The company repurchased $700 million of common stock during the quarter, compared to $240 million in the same period last year[26]. - Non-GAAP earnings per share (diluted) was $1.27, a decrease of 3% from $1.31 in the prior year[39]. Cash Flow and Assets - Dell's cash flow from operations for the last 12 months was $7.9 billion, demonstrating strong cash generation capabilities[3]. - Cash flows from operating activities generated $1,043 million, down from $1,777 million in the previous year[26]. - Total current assets decreased to $34,627 million from $35,947 million, primarily due to a reduction in cash and cash equivalents[24]. - Total liabilities decreased to $82,913 million from $84,398 million, reflecting a reduction in current liabilities[24]. - Free cash flow declined to $457 million, representing a 58% decrease compared to $1,079 million in the same period last year[48]. - Adjusted free cash flow was $623 million, a 9% decrease from $687 million year-over-year[48]. - Capital expenditures and capitalized software development costs netted at $(586) million, down from $(698) million[48]. AI and Innovation - AI-optimized server orders increased sequentially to $2.6 billion, with shipments up more than 100% to $1.7 billion and backlog growing more than 30% to $3.8 billion[8]. - The Dell AI Factory was introduced, combining infrastructure and solutions optimized for AI workloads with partners like NVIDIA and Microsoft[9]. - New AI PCs, Copilot+ powered by Qualcomm Snapdragon processors, were launched, enhancing battery life and AI performance[9]. Other Financial Metrics - Cash flow from operations decreased to $1,043 million, down 41% from $1,777 million year-over-year[48]. - Financing receivables showed a positive impact of $165 million, contrasting with a negative impact of $(367) million in the previous year[49]. - Equipment under operating leases recorded a net change of $1 million, compared to a decrease of $(25) million previously[49].

News summary First quarter revenue of $22.2 billion, up 6% year over year Infrastructure Solutions Group (ISG) revenue of $9.2 billion, up 22% year over year, with record servers and networking revenue of $5.5 billion, up 42% Client Solutions Group (CSG) revenue of $12.0 billion, flat year over year, with commercial client revenue at $10.2 billion, up 3% Diluted earnings per share of $1.32, up 67% year over year, and non-GAAP diluted earnings per share of $1.27, down 3% ROUND ROCK, Texas, May 30, 2024 /PRNe ...

Across the last 12 months, the blue-chip chipmaker and semiconductor giant Nvidia (NASDAQ: NVDA) has been drawing a lot of attention – and generating a lot of enthusiasm – thanks to its incredible growth and pivotal role in the ongoing artificial intelligence (AI) boom. Still, while it would be both inaccurate and unfair to say that NVDA's star is waning, it has been far from the only technology company to have generated exceptional returns in the stock market, and one prominent computer company – Dell (NYS ...

Dell Technologies Inc. (NYSE:DELL) is slated to step into the earnings confessional after the close tomorrow, May 30. Ahead of the event, the tech giant is trading at record highs, last seen 2.8% higher at $170.67 and earlier touching a peak of $171.77. Investors' enthusiasm surrounding artificial intelligence (AI) chips has many semiconductor names soaring in 2024, with DELL boasting a 120.8% year-to-date lead. Dell Technologies stock has a mostly positive post-earning history, with five of its last eight ...

Although Dell Technologies (NYSE: DELL) shares have recorded steady growth since the beginning of this year, Wall Street analysts have generally retained their views that DELL stock is a good investment in the following 12 months, as the company is about to publish its earnings. Indeed, while stock traders and investors are sitting at the edge of their seats waiting for the upcoming Dell quarterly earnings report on May 30, the price of DELL stocks has climbed over 122% year-to-date (YTD), gaining nearly 15 ...

Dell expects fiscal first-quarter revenues in the range of $21-$22 billion, with a midpoint of $21.5 billion indicating a 3% growth. Earnings are expected to be $1.15 per share (+/- 10 cents). The Zacks Consensus Estimate for revenues is pegged at $21.7 billion, suggesting a 3.73% growth from the figure reported in the year-ago quarter. Dell Technologies (DELL) is set to report its first-quarter fiscal 2025 results on May 30. Dell's end-to-end AI portfolio spanning client devices, servers, storage, data pro ...

JHVEPhoto Dell Technologies (NYSE:DELL) is an information technology ("IT") infrastructure and services provider that offers customers everything from data center equipment and enterprise IT solutions to personal computers ("PCs"). The company's industry is cyclical, and in recent years, Dell's products and services have been in a major downturn. The market has recently taken a major interest in the stock for two reasons. First, the company's most important end markets, PCs and enterprise servers, appear to ...

Investors looking for a hot AI stock that's reasonably valued right now should take a closer look at this company, as it seems set for more upside. The proliferation of artificial intelligence (AI) has given shares of many companies a big lift in the past year or so, and Dell Technologies (DELL 4.30%) is one of them. Shares of Dell have more than tripled in the past year as investors have been buying the stock hand over fist in the belief that it could benefit big time from the growing adoption of AI. That' ...