Dell quarterly profit jumps on higher server demand, lower costs
2 years, 4 months ago

Dell quarterly profit jumps on higher server demand, lower costs

The Hindu  

Dell Technologies Inc. posted a 68% rise in quarterly operating profit on Monday, as strong demand for servers and network equipment cushioned weak PC sales and easing supply-chain pressures helped rein in costs. Revenue in the company's infrastructure solutions group, which includes servers, storage devices and networking hardware, rose 12% in the third quarter. The company benefited from an improving supply chain that eased pressure from higher component and freight costs, as well as measures to reduce expenses such as a freeze on external hiring. Net income tumbled 93% to $241 million, due to the $1 billion settlement of a lawsuit over a disputed 2018 stock swap.

Dell Demand Lower Revenue Tumbled  revenue  tumbled  servers  billion  quarterly  costs  rose  fell  server  profit  expenses  demand  lower  higher  income  dell  jumps

History of this topic

Dell’s quarterly revenue misses estimates on PC weakness
4 months ago

Dell’s quarterly revenue misses estimates on PC weakness

Live Mint  

-Dell missed Wall Street expectations for third-quarter revenue on Tuesday, weighed down by weaker demand for its traditional PCs and stiff competition from rival server makers, sending its shares down more than 10% in extended trading. Despite booming demand for Dell's AI-optimized servers used to handle large AI workloads, its traditional PC segment has been facing stiff competition from rivals …

Dell Technologies Q2 revenue beats estimates; raises full-year forecasts
1 year, 6 months ago

Dell Technologies Q2 revenue beats estimates; raises full-year forecasts

Live Mint  

Dell Technologies shares rallied 8% in extended trading on Thursday after the company raised its full-year revenue and profit forecast. The company forecast third-quarter revenue between $22.5 billion and $23.5 billion beating analysts’ estimates of $21.67 billion, according to Refinitiv data. For the full year, Dell Technologies now expects revenue between $89.5 billion and $91.5 billion, and earnings per share …

Dell revenue growth slows on strong dollar, China lockdowns
2 years, 7 months ago

Dell revenue growth slows on strong dollar, China lockdowns

The Hindu  

Dell Technologies Inc posted its slowest revenue growth in six quarters on Thursday as a surge in the dollar and COVID-19 flare-ups in major market China offset a jump in its enterprise-focused business. Dell's revenue rose 9% to $26.43 billion in the quarter to July 29 and was roughly in line with market expectations, according to Refinitiv data. Consumer revenue …

Dell, HP say chip shortages will hit PC supplies this year
3 years, 10 months ago

Dell, HP say chip shortages will hit PC supplies this year

The Hindu  

Dell Technologies Inc and HP Inc reported quarterly revenue that beat Wall Street estimates on Thursday, as customers continued to shop for personal computers, even as pandemic-led restrictions eased in many parts of the world. "The component supply situation remains constrained," Dell Chief Financial Officer Thomas Sweet said in post earnings call,adding that rising costs to procure these chips would …

Dell considering options to grow through acquisitions or by going public: Report
7 years, 2 months ago

Dell considering options to grow through acquisitions or by going public: Report

Firstpost  

Dell is reviewing a list of several possible acquisition targets that would boost its cash flow and expand its offerings, the sources said. US computer maker Dell Technologies Inc is exploring a range of options that could see the world’s largest privately held technology company grow further through acquisitions or go public, people familiar with the matter said on 25 …

Dell's $24.4B deal opposed by major stockholder – Firstpost
12 years, 1 month ago

Dell's $24.4B deal opposed by major stockholder – Firstpost

Firstpost  

Dell Inc.’s decision to sell itself for $24.4 billion to a group led by its founder and CEO is being ridiculed as a rotten deal by a major shareholder who estimates the slumping personal computer maker is really worth $42 billion. In a letter to Dell’s board of directors, Southeastern CEO O. Mason Hawkins threatened to lead a shareholder mutiny …

Timeline: Dell since 1984, a roller-coaster ride
12 years, 1 month ago

Timeline: Dell since 1984, a roller-coaster ride

Live Mint  

Twenty-nine years after its founding, iconic computer maker Dell Inc. agreed to a $24.4 billion deal to go private on Tuesday. The $13.65-per-share deal for the world’s third-largest computer maker involves chairman Michael Dell, private equity firm Silver Lake and Microsoft Corp. add_main_image Here is a look at Dell’s 28-year journey: 1984: Michael Dell, a 19-year-old, pre-med college freshman starts …

Microsoft profit falls as PC sales shrink
12 years, 5 months ago

Microsoft profit falls as PC sales shrink

Firstpost  

Microsoft Corp said its fiscal first-quarter profit fell on Thursday, hurt by a dip in computer sales running its Windows operating system and the deferral … Microsoft Corp said its fiscal first-quarter profit fell on Thursday, hurt by a dip in computer sales running its Windows operating system and the deferral of some revenue ahead of upcoming releases of its …

Dell Aims To Create $5 Billion Software Business
12 years, 8 months ago

Dell Aims To Create $5 Billion Software Business

Firstpost  

Dell Inc’s new Software Chief plans to increase the size of the business five-fold, a target that could eventually account for at least 25 percent of the personal computer maker’s profits. Swainson wants Dell’s software business to make a “meaningful contribution” to its bottom line. “If you were at $5 billion software business with 30 percent margins, that would be …

Dell To Cut $2 bn Costs, Counts On Acquisitions
12 years, 9 months ago

Dell To Cut $2 bn Costs, Counts On Acquisitions

Firstpost  

Dell plans to slash more than $2 billion in costs over the next three years, primarily from the supply chain and sales group, as it sharpens its focus on the technology needs of corporations. “We have a modest software business and that’s an area where we can grow rapidly,” Chief Executive Officer Michael Dell said at the conference. “We’ve had …

Dell, HP Shake Off Slowdown Fears
14 years, 7 months ago

Dell, HP Shake Off Slowdown Fears

Firstpost  

Executives from Dell and HP, waved off such fears, even as shares of both companies fell. But executives from the two personal computer makers waved off such fears, even as shares of Dell fell 3 percent after it posted slightly weaker-than-expected growth margins and HP fell about 1 percent. “We saw better-than-normal quarterly seasonality, as well as good balanced performance …

Discover Related