Dell, revenues up but “Consumer” demand under pressure

Dell revenues up but Consumer demand under pressure

(Finance) – Dell Technologiesamong the most important companies in the world in the production of personal computers and computer systems, has registered revenues equal to 26.4 billion dollars in second quarter fiscal year 2023 (ended July 29, 2022), up 9% and driven by the growth of Client Solutions Group (CSG) and Infrastructure Solutions Group (ISG). Consumer revenue was $ 3.3 billion, down 9% year-over-year.

L’operating profit was $ 1.3 billion, up 25%, or 4.8% of revenue, and non-GAAP operating income was $ 2 billion, up 4%, or $ 7, 4% of revenues.

L’net profit from continuing operations was $ 506 million (-20%) and non-GAAP net income was $ 1.3 billion (+ 9%). L’earning per share non-GAAP was $ 1.68. The market, according to Refinitiv data, expected earnings per share of $ 1.64 on revenues of $ 26.5 billion.

“Another quarter of record revenue, coupled with our $ 1.3 billion operating income and $ 2 billion non-GAAP operating income, confirms our strength in the industry and our competitive position,” said Tom Sweet, chief. financial officer of Dell Technologies – We remain focus on what we can control, while remaining flexible and opportunistic and delivering revenue and earnings growth with strong free cash flow for our shareholders over time. “

(Photo: Its me Pravin on Unsplash)

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