Dell's Q3 quarterly report is mixed: slow recovery in the PC market but surge in server demand
ethk1
发表于 2023-12-1 13:12:41
3491
0
0
Affected by the continued sluggish demand for personal computers (PCs) by companies, Dell Technologies experienced a greater than expected decline in revenue in the third quarter.
The company stated in a statement on Thursday (November 30) that in the third quarter ending November 3, sales decreased by 10% year-on-year to $22.25 billion, lower than analysts' average expectation of $23 billion, compared to $24.7 billion in the same period last year.
Among them, the revenue of the customer solutions department, including corporate and personal computer sales, decreased by 11%, far below analysts' expectations.
The slow recovery of the PC market
Personal computer manufacturers have been severely impacted in the past 18 months due to a significant decrease in demand caused by the post pandemic economic downturn. Last week, HP, a competitor in the personal computer industry, also released similarly lukewarm results.
The company's Chief Financial Officer, Yvonne McGill, stated during a conference call that sales in the PC department will experience a "lower single digit decline" and that the PC market has not yet fully recovered.
In addition, McGill predicts that in the fourth quarter ending in January next year, the company's revenue will drop to approximately $22 billion, while analysts have an average expectation of $23.9 billion.
However, some analysts are beginning to see signs of recovery in the industry. In an October report, IDC wrote that although the global economy remains sluggish, the personal computer market has "emerged from a downturn.".
Dell's Chief Operating Officer Jeff Clarke stated in a statement that Dell expects revenue to increase in the new fiscal year starting in February next year, and analysts currently expect annual sales to increase by 3.5%.
Server demand surges
Although Dell is known for its personal computer business, the department did not perform well in this quarterly report.
Due to the surge in demand for high-performance servers used to run artificial intelligence workloads in the market, the company has attracted investor interest this year. As of Thursday's close, the stock has risen nearly 90% this year.
Earlier in November, Dell also announced a $150 million server deal with artificial intelligence startup Imbue.
Data shows that Dell's server and network business in its infrastructure solutions business generated revenue of $4.66 billion in the third quarter, while analysts had an average expectation of $4.43 billion.
Jeff Clarke stated in a statement, "Due to customers' interest in generative artificial intelligence, our server and network businesses have grown by 9% month on month."
Dell's stock price initially fell by about 3% in after hours trading on Thursday, and then recovered during a conference call, mainly due to people's enthusiasm for the potential of artificial intelligence to boost demand.
Dell's outstanding performance contrasts sharply with its competitor, HP. The latest quarterly decrease in server sales announced by the latter was greater than expected.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- LeXin Second Quarter Report: Revenue of 3.64 billion yuan, net profit of 230 million yuan
- Artificial intelligence servers are selling well! Dell Q2 financial report delivers satisfactory results
- 인공지능 서버 대박!Dell Q2 실적 보고서 만족스러운 답안지 제출
- Dell, Palantier Technology, and Erie Indemnity will be included in the S&P 500 Index
- デル、パランテイルテクノロジー、Erie Indemnityがスタンダード500指数に組み込まれる
- Dell, 팔란텔 기술 및 Erie Indemnity가 S&P 500 지수에 편입됩니다.
- Dell's US stock rose 6% before trading
- Dell 미국 주식 시장 전 6% 상승
- 2024Q2 US PC Report: HP up 3.7% YoY, Dell down 5.8%, Lenovo up 7.7%, Apple up 0.5%, Acer up 19.8%
- 2024Q2 미국 PC 보고서: HP 전년 동기 대비 3.7%, Dell 5.8%, 레노버 7.7%, 애플 0.5%, 매크로 19.8%
-
11月21日、2024世界インターネット大会烏鎮サミットで、創業者、CEOの周源氏が大会デジタル教育フォーラムとインターネット企業家フォーラムでそれぞれ講演、発言したことを知っている。周源氏によると、デジタル教 ...
- 不正经的工程师
- 昨天 16:36
- 支持
- 反对
- 回复
- 收藏
-
アリババは、26億5000万ドルのドル建て優先無担保手形と170億元の人民元建て優先無担保手形の定価を発表した。ドル債の発行は2024年11月26日に終了する予定です。人民元債券の発行は2024年11月28日に終了する予定だ ...
- SOGO
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
スターバックスが中国事業の株式売却の可能性を検討していることが明らかになった。 11月21日、外国メディアによると、スターバックスは中国事業の株式売却を検討している。関係者によると、スターバックスは中国事 ...
- 献世八宝掌
- 前天 16:29
- 支持
- 反对
- 回复
- 收藏
-
【意法半導体CEO:中国市場は非常に重要で華虹と協力を展開】北京時間11月21日、意法半導体(STM.N)は投資家活動の現場で、同社が中国ウェハー代工場の華虹公司(688347.SH)と協力していると発表した。伊仏半導体 ...
- 黄俊琼
- 前天 14:29
- 支持
- 反对
- 回复
- 收藏