Dell: EPS down 18% in Q3

(CercleFinance.com) - Dell Technologies on Thursday evening reported adjusted (non-GAAP) EPS down 18% year-on-year to $1.
88 for its third fiscal quarter, with adjusted operating profit down 17% to $1.96 billion.

The IT equipment manufacturer's revenues contracted 10% year-on-year to less than $22.3 billion, with declines in both its infrastructure solutions (-12%) and customer solutions (-11%) divisions.

Our server and network business grew by 9% sequentially, fueled by customer interest in generative AI", points out vice-president and COO Jeff Clarke, who expects future revenue growth given favorable tailwinds.


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