Svmuu News Dell (DELL.N) reported an 88% surge in first-quarter sales, prompting the company to raise its full-year outlook. The company said on Thursday that it now expects full-year revenue of $165 billion to $169 billion, up from the previous range of $138 billion to $142 billion. It also raised the midpoint of its adjusted earnings per share outlook from $12.90 to $17.90.
Dell posted first-quarter profit of $3.44 billion, or $5.24 per share, compared with a profit of $965 million, or $1.37 per share, in the year-ago period. Excluding certain one-time items, adjusted earnings per share were $4.86, above the $2.96 expected by analysts surveyed by FactSet. Revenue surged 88% to $43.84 billion. Sales growth was driven by the Infrastructure Solutions Group, whose revenue nearly tripled to $29 billion. The group's growth was fueled by AI-optimized servers and traditional servers.
Dell expects current second-quarter revenue to be between $44 billion and $45 billion, with a midpoint for adjusted earnings per share of $4.80. According to a FactSet analyst survey, analysts had anticipated revenue of $35.1 billion and adjusted earnings per share of $2.99. (Jin Shi)