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Thursday, August 29, 2019

Dell (DELL) reported earnings on Thur 29 Aug 2019 (a/h)

** charts after earnings **


Dell beats by $0.66, reports revs in-line

  • Reports Q2 (Jul) adjusted earnings of $2.15 per share, $0.66 better than the S&P Capital IQ Consensus of $1.49; revenues rose 1.9% year/year to $23.37 bln vs the $23.32 bln S&P Capital IQ Consensus. 
  • "We are in the early stages of a technology-led investment cycle. IT spending remains healthy and our business drivers remain strong," said Jeff Clarke, vice chairman, Dell Technologies. "We are innovating and integrating across the Dell Technologies portfolio, from the edge to the core to the cloud, with a diverse business designed to succeed in any macro environment. For example, core Dell orders were up four percent in the quarter excluding China."
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