The company delivered earnings before certain costs such as stock compensation of $4.86 per share on revenue of $43.84 billion, up by a staggering 88% from the same period one year ago. That’s a truly astonishing leap for such an established company, and it crushed Wall Street’s targets. Analysts were looking for earnings of just $2.94 per share on much lower sales of just $35.43 billion.
Dell delivered an even more impressive jump in its bottom line. It reported net income of $3.44 billion at the end of the quarter, up 256% from a year earlier, when it delivered a profit of just $965 million.
Since reentering the public markets in late 2018, five years after Dell had taken itself private, the server maker had never managed to exceed more than 39% growth in any quarter.
🔗 AI server demand drives staggering revenue growth for Dell and its stock soars
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