Dell Q4 FY 2024 Report
Dell Technologies Inc. is a multinational technology company based in Round Rock, Texas. Founded in 1984 by Michael Dell, the company is known for manufacturing, selling, and supporting computers and related products and services. Dell is a major player in the global technology industry, providing a wide range of solutions for consumers, businesses, and institutions.
🔨 Dell has recently released its financial report for the fourth quarter of the 2024 fiscal year, revealing some impressive figures that have surpassed expectations. Despite some challenges in revenue, the company has shown remarkable growth in profitability metrics.
Below is a table summarizing the key financial results for Dell for the fourth quarter of the 2024 fiscal year:
| Metric | Value | Year-over-Year Change |
|---|---|---|
| Revenue | $22.32 billion | Decreased by 11% |
| Operating Profit | $1.49 billion | Increased by 25% |
| Net Profit | $1.16 billion | Increased by 91% |
| Earnings Per Share | $2.20 | Increased by 22% |
Despite a decline in revenue by 11%, Dell managed to significantly boost its operating profit by 25% and its net profit by a staggering 91% compared to the previous year. Earnings per share also witnessed a healthy growth of 22%.
Following the release of the financial report, Dell’s stock surged by 24%. Investors were particularly encouraged by the strong demand for Dell’s AI servers and the company’s announcement of a 20% increase in dividends to $1.78 per share.
This positive response from investors reflects a strong vote of confidence in Dell’s strategic direction and its ability to navigate through challenging market conditions. By focusing on high-growth areas such as artificial intelligence and continuing to deliver value to shareholders through dividends, Dell is positioning itself for sustained success in the ever-evolving technology landscape.
