Dell's profits increased by 85%
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15:59, 02.09.2024
Recently, Dell publicized its fiscal quarterly report on its current market position. Revenue increased significantly and reached an impressive $25.06 billion. The largest growth was recorded in the server segment, where profits increased by almost 80 percent, mainly due to the impact of AI systems.
At the moment, one share of the company is estimated at $1.89, and Dell's net profit is fixed at up to $841 million.
Last year, the annual revenue estimate was $88.4 billion, and the predictions for this year are much higher, ranging from $95 billion to $98 billion. For the current quarter, the revenue is expected to be $24 - $25 billion.
Dell's server hardware division has significantly increased its revenue and now stands at approximately $11.65 billion. The company's server segment has a significant impact on the overall revenue, as it accounts for a significant portion. As for AI servers, Dell has already received orders worth $3.8 billion. Unfortunately, not everything is so perfect in the server segment, as storage revenue decreased by almost 4 percent.
After the announcement of the quarterly report, the company's shares grew by 3 percent, and the value by 48%, if we take into account the data from the beginning of the year.
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