On May 30, 2024, Dell Technologies Inc. reported its financial results for the first quarter of fiscal year 2025, which ended on May 3, 2024. The company announced a 6% increase in revenue year over year, reaching $22.2 billion. The Infrastructure Solutions Group (ISG) saw a significant 22% revenue increase, with a record $5.5 billion from servers and networking, marking a 42% rise. The Client Solutions Group (CSG) revenue remained flat at $12.0 billion, with a slight 3% increase in commercial client revenue. Dell's diluted earnings per share increased by 67% to $1.32, while non-GAAP diluted earnings per share decreased by 3% to $1.27. Operating income declined by 14% to $920 million, and non-GAAP operating income decreased by 8% to $1.5 billion. The company generated $1.0 billion in cash flow from operations and returned $1.1 billion to shareholders through...Show More

On May 30, 2024, Dell Technologies Inc. reported its financial results for the first quarter of fiscal year 2025, which ended on May 3, 2024. The company announced a 6% increase in revenue year over year, reaching $22.2 billion. The Infrastructure Solutions Group (ISG) saw a significant 22% revenue increase, with a record $5.5 billion from servers and networking, marking a 42% rise. The Client Solutions Group (CSG) revenue remained flat at $12.0 billion, with a slight 3% increase in commercial client revenue. Dell's diluted earnings per share increased by 67% to $1.32, while non-GAAP diluted earnings per share decreased by 3% to $1.27. Operating income declined by 14% to $920 million, and non-GAAP operating income decreased by 8% to $1.5 billion. The company generated $1.0 billion in cash flow from operations and returned $1.1 billion to shareholders through share repurchases and dividends. Dell ended the quarter with $7.3 billion in cash and investments. The report highlighted the company's strong cash flow and growth driven by AI, with servers and networking revenue hitting a record high due to increased demand across AI and traditional servers. Dell Technologies also announced expansions in its AI solutions portfolio, including the Dell AI Factory and new AI-optimized servers and PCs.