August 30, 2024 - $Dell Technologies (DELL.US)$ shares rose 6.49% to $117.93 on Friday. The company delivered second quarter fiscal 2025 financial results.
Highlights for Q2 earnings
• Second quarter revenue of $25.0 billion, up 9% year over year
• Record Infrastructure Solutions Group (ISG) revenue of $11.6 billion, up 38% year over year, with record servers and networking revenue of $7.7 billion, up 80%
• Client Solutions Group (CSG) revenue of $12.4 billion, down 4% year over year, with commercial client revenue flat at $10.6 billion
• Diluted earnings per share of $1.17, up 86% year over year, and non-GAAP diluted earnings per share of $1.89, up 9%
The company reported quarterly earnings of $1.89 per share, which beat the analyst consensus estimate of $1.71 by 10.53%. The quarterly sales were $25.03 billion, beating the analyst consensus estimate of $24.14 billion by 3.67%.
Dell Technologies chief operating officer Jeff Clarke said:
Our AI momentum accelerated in Q2, and we've seen an increase in the number of enterprise customers buying AI solutions each quarter.