Shares of Dell Technologies popped more than 15% during extended trading Thursday after the company released fourth-quarter results that beat analysts' estimates and showed strong demand for its artificial intelligence servers.
The company reported net income $1.16 billion, up 89% from the $614 million it posted in the same period last year.
Servers and networking revenue made up the bulk of that, with $4.9 billion in revenue driven by "AI-optimized servers."
The company's Client Solutions Group (CSG) reported $11.7 billion for the quarter, down 12% year over year.
For its first quarter, Dell said during its quarterly call with investors that it expects to report revenue between $21 billion and $22 billion.
Persons:
LSEG, Yvonne McGill, Jeff Clarke, Dell
Organizations:
Dell Technologies, LSEG, Solutions, CNBC PRO