DELL shares tumble as solid results, AI server orders fail to satisfy investors
The technology giant announced first-quarter revenue of $22.2 billion, a 6% increase from the same quarter last year, surpassing the consensus estimate of $21.65 billion.
However, the Client Solutions Group revenue remained flat YoY at $12.0 billion, with commercial client revenue seeing a modest 3% rise. Most importantly, AI server orders came in at $2.6 billion, rising about $500 million from the last quarter. Goldman Sachs was expecting $2.1 billion in Q1 AI server orders.
CFO Yvonne McGill highlighted the company's execution and cash flow, noting the role of AI in driving new growth.
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