Dell: cautious forecasts

(CercleFinance.com) - Dell Technologies last night reported better-than-expected quarterly profit on the back of strong demand for its servers, while playing it safe with its forecasts.


The US computer maker's net profit for Q3 to end-October, came in at 241 million dollars, a fraction of the 3.9 billion dollars last year.

Excluding extraordinary items, EPS reached $2.30, compared with $1.66 a year earlier and vs. consensus EPS of $1.60

Sales fell by 6% over the period to 24.7 billion dollars, vs. consensus sales of 24.4 billion dollars.

While Dell did not provide any guidance for Q4 2022/2023, the Texas-based company was rather cautious in its comments.

Investors focused on the positives, with Dell shares up over 3% in the first hour of trading today.



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