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00:02Dell Technologies posted record first quarter results,
00:05with adjusted earnings of $4.86 per share and revenue of $43.84 billion,
00:13beating estimates of $2.94 per share and $35.45 billion, respectively, according to Benzinga.
00:20Total revenue surged 88% year-over-year.
00:24AI-optimized server revenue jumped 757% to $16.1 billion,
00:30while traditional servers and networking rose 92% to $8.5 billion.
00:36Cash flow from operations reached $4.1 billion,
00:40and Dell returned $2.1 billion to shareholders.
00:44For the second quarter, Dell guided for revenue of $44 billion to $45 billion,
00:49and adjusted earnings of $4.80 per share versus estimates of $34.99 billion and $2.98 per share.
00:59Dell raised its full-year revenue outlook to $165 billion to $169 billion
01:05and lifted adjusted earnings guidance to $17.90 per share,
01:09well above analyst estimates of $13.09 per share.
01:13For all things money, visit Benzinga.com.
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