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Dell Technologies Reports Impressive 15% Increase in Quarterly Profit
By USinMinutes - Aug 29, 2024, 04:14 PM ET
Last Updated - Aug 29, 2024, 08:47 PM EDT
Surging Revenue Growth of 9% Signals Strong Quarter for Dell Technologies
Dell Technologies [DELL] reported a robust quarter ending August 2, 2024, with a notable 15% increase in profit compared to the previous quarter. The company's quarterly earnings showcased a strong performance, underscoring its financial stability and growth trajectory.
The company, headquartered in Round Rock, Texas, reported to SEC in an 8-K filing $1.17 earnings per share in the quarter, compared to $0.63 in the previous quarter.
Dell Technologies, a key player in the technology sector, reported a revenue of $25.0 billion for the recent period, reflecting a 9% increase from the previous quarter. This growth in revenue highlights the company's consistent performance and market position in the tech industry.
In comparison to the same quarter of the previous year, Dell Technologies recorded a 8% increase in revenue, demonstrating sustained business growth and market resilience.
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The company also witnessed a significant 85% rise in profit for the current quarter when compared to the same period in the previous year, showcasing a noteworthy financial performance over time.
111.56 (1.26)
As of August 28, 2024 end of day trading.
USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although we take care to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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