{"id":66224,"date":"2024-03-01T14:12:07","date_gmt":"2024-03-01T14:12:07","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/dell-forecasts-upbeat-fiscal-2025-on-ai-server-demand-the-express-tribune\/"},"modified":"2024-03-01T14:12:07","modified_gmt":"2024-03-01T14:12:07","slug":"dell-forecasts-upbeat-fiscal-2025-on-ai-server-demand-the-express-tribune","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/dell-forecasts-upbeat-fiscal-2025-on-ai-server-demand-the-express-tribune\/","title":{"rendered":"Dell forecasts upbeat fiscal 2025 on AI server demand | The Express Tribune"},"content":{"rendered":"
\n

Dell Technologies\u00a0forecast annual revenue and profit above Wall Street estimates on Thursday, betting on demand for its artificial intelligence servers, sending the company’s shares up more than 16% in after-hours trading.<\/p>\n

Dell is a beneficiary of rising demand for its AI servers that are equipped with chip designer Nvidia’s\u00a0graphics processing units (GPUs), which helps to meet the demands of high-performance computing.<\/p>\n

“Our strong AI-optimized server momentum continues, with orders increasing nearly 40% sequentially and backlog nearly doubling, exiting our fiscal year at $2.9 billion,” Chief Operating Officer Jeff Clarke said in a statement.<\/p>\n

The PC market is also showing signs of recovery following a slowdown in revenue that began in 2022 from the peaks touched during the pandemic, as the boom in work-from-home demand for PCs and electronics faded.<\/p>\n

“We remain bullish on the coming PC refresh cycle and the longer-term impact of AI on the PC market,” CFO Yvonne McGill said on a post-earnings call.<\/p>\n

Also in after-hours trading on Thursday, shares in rival server maker Hewlett Packard Enterprise\u00a0dropped 3.7% after it\u00a0forecast quarterly revenue<\/a>\u00a0below Wall Street estimates.<\/p>\n

Another competitor, Lenovo Group\u00a0last week\u00a0reported<\/a>\u00a0strong quarterly earnings, with revenue returning to growth after five quarters of decline.<\/p>\n

The global PC market returned to 3% growth in the fourth quarter of 2023 and is now poised for a stronger recovery in 2024, data research firm Canalys\u00a0said,<\/a>\u00a0in January.<\/p>\n

Dell expects revenue between $91 billion to $95 billion for its current fiscal year, the mid-point of which is above analysts’ average estimate of $92.07 billion, according to LSEG data.<\/p>\n

It expects annual adjusted earnings per share of $7.50 plus or minus $0.25, compared with estimate of $7.15.<\/p>\n

The company posted an 11% drop in revenue to $22.32 billion for its fourth quarter ended Feb. 2, slightly higher than estimates of $22.16 billion. Excluding items, its profit per share came in at $2.20, compared with estimates of $1.73.<\/p>\n

Revenue at the infrastructure solutions group, which includes its storage, software and server offerings, fell about 6% to $9.33 billion, while that of the client solutions group – home to PCs – fell nearly 12% to $11.72 billion.<\/p>\n

\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Dell Technologies\u00a0forecast annual revenue and profit above Wall Street estimates on Thursday, betting on demand for its artificial intelligence servers, sending the company’s shares up more than 16% in after-hours trading. Dell is a beneficiary of rising demand for its AI servers that are equipped with chip designer Nvidia’s\u00a0graphics processing units (GPUs), which helps to […]<\/p>\n","protected":false},"author":2,"featured_media":66225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/i.tribune.com.pk\/media\/images\/954265-dell-1441864243\/954265-dell-1441864243.gif","fifu_image_alt":"","footnotes":""},"categories":[8],"tags":[],"class_list":["post-66224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/66224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=66224"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/66224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/66225"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=66224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=66224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=66224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}