In this articleA Dell Technologies flag outside the company headquarters in Round Rock, Texas, Feb. 6, 2023.Shares of Dell popped more than 18% in extended trading Thursday after the company released fourth-quarter results that beat analysts' estimates on top and bottom lines.This is breaking news. Please check back for updates. ...

SUBARU Lab, powered by Dell PowerScale storage systems, will deliver next-generation AI technology to enhance driver safety ROUND ROCK, Texas, Feb. 29, 2024 /PRNewswire/ --   News summary Dell storage systems help Subaru store and manage approximately 1,000 times more files than before to power next-generation AI solution development SUBARU Lab reduces storage costs while scaling performance through Dell PowerScale storage tiering capabilities Full story Subaru Corporation is teaming with Dell Technologie ...

ROUND ROCK, Texas, Feb. 28, 2024 /PRNewswire/ -- Dell Technologies (NYSE: DELL) announces that Yvonne McGill, chief financial officer, and Arthur Lewis, president of Infrastructure Solutions Group, will present in a fireside chat at the following conference: Morgan Stanley Technology, Media & Telecom Conference – San Francisco, CATuesday, March 5, 20243:35 p.m. PT / 6:45 p.m. ET A live webcast and a replay of all conference webcasts will be available on Dell Technologies' Investor Relations page at investor ...

Financial Performance - Fourth quarter revenue was $22.3 billion, down 11% year over year, and full-year revenue was $88.4 billion, down 14% from fiscal year 2023[1][2] - Operating income for the fourth quarter was $1.5 billion, up 25% year over year, while full-year operating income was $5.2 billion, down 10% year over year[1][2] - Non-GAAP diluted earnings per share for the fourth quarter was $2.20, up 22% year over year, and for the full year, it was $7.13, down 6% year over year[1][2] - Total consolidated net revenue for the three months ended February 2, 2024, was $22,318 million, a decrease of 11% compared to $25,039 million for the same period in 2023[35] - Net income for the three months ended February 2, 2024, was $1,158 million, representing a 91% increase from $606 million in the same period last year[23] - Gross margin for the fiscal year ended February 2, 2024, was 23.6%, up from 22.2% in the previous fiscal year[23] - Total ISG net revenue decreased by 6% to $9,332 million for the three months ended February 2, 2024, down from $9,905 million in the same period last year[32] - Total CSG net revenue for the fiscal year ended February 2, 2024, was $48,916 million, a decrease of 16% from $58,213 million in the previous fiscal year[32] - Reportable segment net revenue for the fiscal year ended February 2, 2024, was $82,801 million, down from $96,569 million in the previous fiscal year, reflecting a decrease of 14%[35] Cash Flow and Shareholder Returns - Cash flow from operations for the full year was $8.7 billion, with $7 billion returned to shareholders since Q1 FY23[4] - Cash flows from operating activities for the fiscal year ended February 2, 2024, were $8,676 million, compared to $3,565 million for the previous year[30] - Cash flow from operations decreased by 44% to $1,533 million for the three months ended February 2, 2024, compared to $2,714 million in the same period last year[52] - Free cash flow dropped by 59% to $806 million for the three months ended February 2, 2024, down from $1,965 million in the prior year[52] - The company reported a significant increase in free cash flow for the fiscal year 2024, reaching $5,923 million compared to $572 million in fiscal year 2023, marking a 935% increase[52] - Dell is increasing its annual cash dividend by 20% to $1.78 per common share, reflecting confidence in the business[3][4] Segment Performance - The Infrastructure Solutions Group (ISG) reported fourth quarter revenue of $9.3 billion, down 6% year over year, and full-year revenue of $33.9 billion, down 12% year over year[6][11] - The Client Solutions Group (CSG) delivered fourth quarter revenue of $11.7 billion, down 12% year over year, and full-year revenue of $48.9 billion, down 16% year over year[7][11] - CSG operating income increased by 8% to $726 million for the three months ended February 2, 2024, compared to $671 million for the same period in 2023[32] - ISG operating income as a percentage of ISG net revenue was 15.3% for the three months ended February 2, 2024, compared to 15.6% for the same period in 2023[32] Research and Development - Research and development expenses for the three months ended February 2, 2024, were $716 million, a decrease of 10% from $795 million in the same period of 2023[23] - New product developments include support for AMD Instinct™ MI300X accelerator and advancements in enterprise data storage for AI workloads[9][10] Strategic Partnerships and Market Trends - AI-optimized server orders increased nearly 40% sequentially, with a backlog of $2.9 billion at the end of the fiscal year[8] - Dell has partnered with Nokia to serve as its preferred infrastructure partner, transitioning Nokia AirFrame customers to Dell PowerEdge servers[10] Tax and Other Expenses - The income tax expense for the three months ended February 2, 2024, was $130 million, a significant decrease of 59% from $317 million in the same period last year[23] - Capital expenditures and capitalized software development costs for the three months ended February 2, 2024, were $727 million, slightly down from $749 million in the same period last year[52] Earnings Per Share - Earnings per share attributable to Dell Technologies, Inc. increased by 89% to $1.59 for the three months ended February 2, 2024, compared to $0.84 for the same period in 2023[49] - Non-GAAP earnings per share attributable to Dell Technologies, Inc. was $2.20, a 22% increase from $1.80 in the prior year quarter[49] - Non-GAAP earnings per share for the fiscal year 2024 was $7.13, a 6% decrease from $7.61 in fiscal year 2023[49] - Non-GAAP earnings per share - diluted increased by 22% to $2.20 for the three months ended February 2, 2024, compared to $1.80 for the same period in 2023[41] - Non-GAAP gross margin for the three months ended February 2, 2024, was $5,468 million, down 8% from $5,971 million in the same period last year[41]

Analyst Estimates for Q4 FY 2024Q3 FY 2024Q4 FY 2023Revenue$22.11 billion$22.25 billion$25.04 billionDiluted EPS$1.72$1.88$1.80Net Income$1.26 billion$1.39 billion$1.32 billion Key Metric: Server and Networking Revenue Growth A bright spot could be Dell's server and networking segment, which grew last quarter despite overall earnings falling short of expectations.Servers and networking revenue was at $4.7 billion in the third quarter of the 2024 fiscal year, representing 9% sequential growth that the com ...

Dell Technologies Inc (NYSE: DELL) has been in a sharp uptrend in the trailing twelve months but a Loop Capital analyst is convinced it’s not out of juice just yet.Dell stock has upside to $125Copy link to sectionAnanda Baruah assumed coverage of the IT giant this morning with a “buy” rating. His $125 price target suggests another 37% upside from here. The analyst recommends owning Dell stock primarily because he sees “material upside” to Street estimates. The New York listed firm is scheduled to report its ...

Dell Technologies (DELL) is set to report its fourth-quarter fiscal 2024 results on Feb 29.The company expects fiscal fourth-quarter revenues in the range of $21.5-$22.5 billion, with a midpoint of $22 billion. Earnings are expected to be $1.70 per share (+/- 10 cents).The Zacks Consensus Estimate for revenues is pegged at $22.13 billion, suggesting an 11.63% decline from the figure reported in the year-ago quarter. Continued sluggish IT spending by corporate and global enterprise customers is expected to h ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find compa ...

"The next generation of PCs is emerging at a pivotal time – with upcoming refresh cycles and new capabilities on the PC creating the perfect storm," said Patrick Moorhead, founder and CEO of Moor Insights & Strategy. "Dell's commercial AI PCs and workstations, coupled with its ecosystem of peripherals, software and services, offer an AI continuum designed to enhance the user experience today and set organizations up for success in the future." "Every company that wants to remain competitive will have to imp ...

Dell Technologies (DELL) shares soared 7.9% in the last trading session to close at $87.79. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.8% loss over the past four weeks.Dell is benefiting from strong demand for AI servers driven by ongoing digital transformation and heightened interest in generative AI applications.This computer and technology services provider is expected to post quarterly earnings of $1.73 per share in it ...