Dell: Q2 EPS up 9%

(CercleFinance.com) - On Thursday evening, Dell Technologies reported a 9% increase in adjusted (non-GAAP) EPS to $1.
89 for Q2 (ended early August), as well as a 3% rise in adjusted operating profit to $2.03bn.

The IT equipment manufacturer saw its revenues rise by 9% to just over $25bn, notably driven by an 80% surge in server and network revenues, within its infrastructure solutions division.

Our momentum in artificial intelligence (AI) accelerated in the second quarter, and we saw growth in the number of enterprise customers purchasing AI solutions each quarter, VP and COO Jeff Clarke said.

Demand for AI-optimized servers grew 23% sequentially to $3.2bn, reaching $5.8bn YTD, he added, announcing an order backlog of $3.8bn.


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