Jim Cramer broke down Dell Technologies Inc.'s (NYSE:DELL) post-close earnings report on Mad Money's episode aired on September 1, as he declared it one of the best quarters he has ever witnessed. He stated:
You're getting a Dell, specifically, a blowout quarter from Dell Technologies. After the close, this iconic maker of tech hardware reported one of the best quarters I've ever seen thanks to the incredible strength of their AI server business. Dell's revenue grew 58% year-over-year, a 2 billion dollar beat. The company earned $7 and 4 cents per share. That's more than $2 above what Wall Street was looking for and more than triple what they made the year before. And the guidance was even better. They took their full-year earnings per share forecast from just under 18 bucks all the way up to $25.50. Stunning, definition of blowout.
The headline numbers show that the business is operating at extraordinary velocity. Dell Technologies Inc.'s (NYSE:DELL) total revenue reached a record $47 billion, marking a 58% increase year-over-year and beating estimates by more than $2 billion. Non-GAAP diluted earnings per share landed at $7.04, crushing expectations by $2.1. Management backed up the beat by raising full-year revenue guidance to $192 billion and lifted non-GAAP earnings expectations to $25.50 per share.
The main catalyst was the Infrastructure Solutions Group, where revenue surged 89% to $31.8 billion. Dell Technologies Inc. (NYSE:DELL) also booked $60.9 billion in AI-optimized server orders during the quarter, closing the period sitting on a staggering $95 billion AI backlog, proving that enterprise data centers are experiencing a broad modernization cycle. The company's COO and vice chairman, Jeff Clarke commented:
We're seeing broader revenue growth as well, with traditional servers and networking up 122%, storage up 26% and our client solutions up 20% year over year. Our second quarter results underscore the compounding benefits of our competitive advantages, the breadth of our portfolio and the strength of our operating model.
#year #billion #technologies #NYSE
You're getting a Dell, specifically, a blowout quarter from Dell Technologies. After the close, this iconic maker of tech hardware reported one of the best quarters I've ever seen thanks to the incredible strength of their AI server business. Dell's revenue grew 58% year-over-year, a 2 billion dollar beat. The company earned $7 and 4 cents per share. That's more than $2 above what Wall Street was looking for and more than triple what they made the year before. And the guidance was even better. They took their full-year earnings per share forecast from just under 18 bucks all the way up to $25.50. Stunning, definition of blowout.
The headline numbers show that the business is operating at extraordinary velocity. Dell Technologies Inc.'s (NYSE:DELL) total revenue reached a record $47 billion, marking a 58% increase year-over-year and beating estimates by more than $2 billion. Non-GAAP diluted earnings per share landed at $7.04, crushing expectations by $2.1. Management backed up the beat by raising full-year revenue guidance to $192 billion and lifted non-GAAP earnings expectations to $25.50 per share.
The main catalyst was the Infrastructure Solutions Group, where revenue surged 89% to $31.8 billion. Dell Technologies Inc. (NYSE:DELL) also booked $60.9 billion in AI-optimized server orders during the quarter, closing the period sitting on a staggering $95 billion AI backlog, proving that enterprise data centers are experiencing a broad modernization cycle. The company's COO and vice chairman, Jeff Clarke commented:
We're seeing broader revenue growth as well, with traditional servers and networking up 122%, storage up 26% and our client solutions up 20% year over year. Our second quarter results underscore the compounding benefits of our competitive advantages, the breadth of our portfolio and the strength of our operating model.
#year #billion #technologies #NYSE
2 months ago
