(News Bulletin 247) – Dell Technologies reported Thursday evening quarterly results well above Wall Street expectations, despite an economic environment described as ‘difficult’.
The Texas group’s net profit for the three months ended May 5, the first quarter of its fiscal year, came to $578 million, or 79 cents per share, from $1.1 billion ($1.37) a year earlier.
Excluding exceptional items, its earnings per share (EPS) stood at 1.31 dollars while the consensus anticipated only 86 cents.
Its turnover over the period fell by 20% to 20.9 billion dollars, a performance again superior to analysts’ forecasts.
In a note of reaction, however, the Credit Suisse teams expressed their disappointment at the absence of an upward revision of the group’s annual turnover outlook following these good figures.
The publication of the computer manufacturer was nevertheless welcomed by investors, as evidenced by the rise of almost 2% in its share price on Friday morning on the New York Stock Exchange.
It is true that the tone of the group contrasts with that of its competitor HP, whose results were severely punished at the end of yesterday’s session with a stock market slide of more than 6%.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
