Dell Technologies announced its second-quarter results on Thursday, surpassing Wall Street’s expectations, fueled by a surge in revenue from its infrastructure solutions business, particularly driven by high demand for its AI-optimized servers.
Following the announcement, Dell Technologies Inc (NYSE) saw its stock rise over 4% in after-hours trading.
For the quarter ending on August 2, Dell reported adjusted earnings of $1.89 per share, with total revenue reaching $25 billion. These figures exceeded analyst predictions, which had estimated earnings at $1.68 per share and revenue at $24.14 billion.
The Infrastructure Solutions Group, which encompasses AI-optimized servers and networking equipment, achieved record-breaking revenue of $11.6 billion, marking a 38% increase year-over-year. Within this group, server and networking revenue hit a new high of $7.7 billion, reflecting an impressive 80% growth compared to the same period last year.
Dell highlighted the strong performance of its Infrastructure Solutions Group as a significant positive factor for the company’s overall momentum.
