Dell Technologies Q3 revenue falls short of estimates as weak PC demand weighs
Investing.com -- Dell Technologies reported Tuesday third second-quarter results as earnings beat, but revenue fell short of Wall Street estimates as strength in AI-related growth was offset by soft PC demand.Q3 adjusted EPS of $2.15 on revenue of $24.4 billion, compared with estimates for $2.06 per share and $24.69B, respectively.
Revenue was hurt by by a performance in the company’s client solutions group, which includes PCs and laptops, saw revenue fall 1% to $12.1B year-on-year in Q3. The infrastructure solutions group saw revenue jumped 34% YoY in Q3, driven by strong AI-related demand.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
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