Dell FY Q2 Revenues, Profits Slightly Above Estimates; Shares Fall
Dell (DELL) this afternoon reported results for its fiscal second quarter ended July 30 that were a tad above the Street consensus.
For the quarter, the PC maker posted revenue of $15.5 billion, up 22 percent from a year ago, and ahead of the Street at $15.2 billion. Non-GAAP profits of 32 cents a share topped the Street by two cents.
The company said it expects Q3 revenues to be up in the low single digits on a percentage basis sequentially.
In a statement Dell said that “the corporate client refresh is well underway,” and that “demand will continue through the next several quarters.”