Dell (DELL) Q4 Earnings Top Estimates, Revenues Down Y/Y

Dell Technologies (DELL) reported non-GAAP earnings of $2.20 per share in fourth-quarter fiscal 2024, beating the Zacks Consensus Estimate by 27.17%. The bottom line increased 22% year over year.Revenues, on a non-GAAP basis, declined 11% year over year to $22.3 billion and beat the consensus mark by 0.84%. Recurring revenues increased 3% year over year to $5.8 billion.Product revenues fell 15% year over year to $16.14 billion. The company witnessed increased pricing pressure in the reported quarter.Service ...