Posts Q2 revenue of $47 billion; analysts on avg expected $44.92 billion, as per data compiled by LSEG
Q2 adjusted EPS of $7.04 tops est. of $4.91
"IT environments have shifted from cost centers to value drivers that fuel growth and competitive advantage, and customers are investing accordingly – creating opportunity across our portfolio," - COO Jeff Clarke
Up to last close, stock more than tripled YTD
Dell shares rise after stronger AI-server demand lifts outlook
Shares of Dell Technologies DELL.N rise ~10% to $469 in extended trading
DELL raises annual forecasts banking on strong demand for its AI servers
Expects full-year revenue to be $192 billion now, up from prior forecast of $167 billion
Raises FY adjusted earnings per share view to $25.50 from $17.90 earlier
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