Dell's Q4 revenue and net profit exceeded market expectations, and the share price soared nearly 20% after the market.
Dell (DELL) shares surged in after-hours trading on Thursday, surging more than 19%。The surge in share prices was mainly due to the company's reported fourth quarter results for fiscal 2024 exceeding market expectations.。
Dell (DELL) shares surged in after-hours trading on Thursday, surging more than 19%。The surge in share prices was mainly due to the company's reported fourth quarter results for fiscal 2024 exceeding market expectations.。Not only did the company beat analysts' forecasts on revenue and net profit, it also announced a 20% increase in its annual dividend, all of which showed Dell's confidence in its own business。
During the quarter, Dell reported 223.$200 million in revenue, although up from 250 in the same period last year..$400 million fell 11%, but net profit fell from 6.$1.4 billion up sharply to 11.$600 million, up 89%。This performance benefited from strong demand for AI servers, driving the company's infrastructure solutions revenue decline to narrow。
Dell's Infrastructure Solutions Group had revenue of $9.3 billion for the quarter, with server and networking revenue reaching $4.9 billion, driven primarily by strong demand for "servers optimized for AI."。Despite challenges in the overall market, Dell's strong performance in artificial intelligence, particularly significant growth on its AI-optimized servers, has added highlights to the company's performance.。
Chief Operating Officer Jeff Clarke said the company's orders on AI-optimized servers increased nearly 40 percent quarter-on-quarter, and the order backlog almost doubled to $2.9 billion, reflecting the high level of recognition and demand for Dell products。
Looking ahead, Dell expects its first-quarter revenue to be between $21 billion and $22 billion.。Despite the challenges posed by the macroeconomic environment, Dell remains optimistic about the potential of the AI sector and expects growth in fiscal 2025.。This positive outlook reflects Dell's continued presence and innovation in the technology community, particularly in meeting the current market demand for high-performance computing solutions。
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