Dell Technologies Inc. announced on Tuesday that its net revenue in the third quarter of its fiscal 2025 improved 10% year-over-year to land at $24.4 billion. The figure came in below market estimates.
The tech giant saw its diluted earnings per share go up by 16% to $1.58 in the reported quarter, with its net income registering a 12% growth, coming in at $1.1 billion. Its operating income reached $1.7 billion, rising 12% compared to the corresponding trimester a year before.
"Interest in our portfolio is at an all-time high, driving record AI server orders demand of $3.6 billion in Q3 and a pipeline that grew more than 50%, with growth across all customer types," Chief Operating Officer Jeff Clarke stated.
Following the release of the results, the company's shares fell 5.18% in extended trading in New York.
