Dell Technologies, a company dedicated to the commercialization of computer hardware and infratstructure reported $25.26 billion in income in 2Q24, a 9% rise over 2Q23 as profits rose 85% to $841 million.
Dell has become an important provider of servers which can handle the heavy workloads of artificial intelligence.
“Our AI momentum accelerated in Q2, and we’ve seen an increase in the number of enterprise customers buying AI solutions each quarter,” said Jeff Clarke, vice chairman and chief operating officer, Dell Technologies. “AI-optimized server demand was $3.2 billion, up 23% sequentially, and $5.8 billion year to date. Backlog was $3.8 billion, and our pipeline has grown to several multiples of our backlog.”
The results exceeded analysts expectationswith $1.89 earnings per share surpassing the zack Investment Research consensus estimate of $1.74 earnings per share.
By Staff
