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Tuesday, March 19, 2024

Dell Dips on Earnings and Guidance

Courtesy of Benzinga.

Shares of Dell (NASDAQL DELL) are trading lower in the after-hours following the release of the company’s Q4 earnings results. Currently, shares are lower by 3.35%, trading at $17.60; they ended the regular session higher by 0.28%, at $18.21.

Dell reported Q4 EPS of $0.51 on revenues of $16 billion. Revenues increased 2% year over year. Cash flow from operations of $5.5 billion for fiscal year, $1.8 billion in Q4

Dell reported record enterprise solutions and services revenue, which came in at $18.6 billion for the fiscal year, $4.9 billion in Q4 alone.

“Our customers think of Dell in much broader terms now, trusting us with their comprehensive IT needs, from the datacenter to the device,” said Michael Dell, chairman and CEO.

“We are more committed than ever to both developing and investing in innovative solutions that deliver greater value and better outcomes for our customers.”

The company sees 2013 non-GAAP EPS in excess of $2.13. For Q1, Dell expects revenue to decline approximately 7 percent sequentially, which aligns with normal seasonality adjusted for the fourteenth week.

Dell Inc. is a technology company that offers a range of technology product categories, including mobility products, desktop personal computers, software and peripherals, servers and networking products, storage and services.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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