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Top related persons:
Dell - 2 Jeff Clarke - 2 Dell's - 1 Elon Musk's - 1 LSEG - 1 Yvonne McGill - 1
Top related locs:
Dell's ISG Texas
Top related orgs:
Dell's Infrastructure Solutions Group - 1 Analysts - 1 CSG - 1 Nvidia - 1 Elon - 1 Dell Technologies - 1 LSEG - 1 Solutions - 1

Search resuls for: "Dell's Infrastructure Solutions Group"


2 mentions found


☆ Dell's AI business is booming, but shares plunged after it cut its revenue outlook
  + stars: | 2024-11-27 | by ( Polly Thompson | ) www.businessinsider.com   time to read: +2 min
Revenues jumped 34% in Dell's ISG division, which includes the company's AI operations. But a lower-than-expected fourth quarter outlook drove Dell's shares down 12% in premarket trading. The biggest success story came from Dell's Infrastructure Solutions Group, which includes sales of AI servers, storage, and other network capabilities. Despite Dell's strong positioning in AI-related technologies, the company's shares were down as much as 12% in premarket trading after its final quarter revenue outlook fell below Wall Street expectations. Dell shipped $2.9 billion in AI servers during the quarter, and the company said that customers had booked $3.6 billion of future AI server orders.
Persons: Dell, Dell's, Jeff Clarke, Elon Musk's Organizations: Dell's Infrastructure Solutions Group, Analysts, CSG, Nvidia, Elon Locations: Dell's ISG, Texas
☆ Dell shares soar 15% after beating earnings expectations, cites rising demand for AI servers
  + stars: | 2024-02-29 | by ( Ashley Capoot | In | ) www.cnbc.com   time to read: +2 min
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
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