Dell Technologies Q2 results tops estimates on record AI server revenue

Investing.com -- Dell Technologies reported Thursday second-quarter results that topped Wall Street estimates, driven by record revenue in its infrastructure solution business as strong demand for its artificial intelligence-optimized servers boosted performance.

Dell Technologies Inc (NYSE:DELL ) jumped more than 4% in afterhours trading following the news.

For the three months ended Aug. 2, the company reported  adjusted per-share earnings of $1.89 on revenue of $25.00 billion, beating analyst estimates for $1.68 per share and $24.14B, respectively

Infrastructure Solutions Group, which include AI-optimized servers and networking hardware, reported record revenue of $11.6 billion, up 38% year over year, with record servers and networking revenue of $7.7 billion, up 80% from a year earlier.

"Our momentum in ISG is a significant tailwind," the company said.

 

 

Source: Investing.com