Dell Shares Climb on Record Revenue, $25B Outlook Lift
Dow Jones
4 hours ago
1626 ET - Dell Technologies shares trade higher after-hours, as the company reports revenue reaching a record high of $46.97 billion and lifts its full-year revenue outlook by $25 billion at the midpoint. The results were driven by demand for both traditional servers and networking and servers optimized for artificial-intelligence. Dell now forecasts AI-optimized server revenue hitting $74 billion in the current fiscal year, up from a previous view of $60 billion. Shares gain 10% to $468 after the close of regular trading.
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