Dell reported results on Thursday, thanks to boosting demand for servers and network equipment, with fourth-quarter revenue exceeding expectations and annual revenue higher than expected, the company's first earnings report since returning to the market, Reuters reported.
Its infrastructure solutions division, where servers and network equipment businesses operate, saw revenue grow by 10% to $9.9 billion. Server and network revenue grew 14% to $5.3 billion.
Customer Solutions revenue grew by 4% to $10.9 billion. The Department has desktop, laptop and tablet computers, as well as brand peripheral equipment business.
According to IBES data provided by Refinitiv, excluding some projects, Dell expects revenue to be between $930 billion and $96 billion in 2020, mostly higher than analysts'forecast of $94.11 billion.
Tom Sweet, Dell's Chief Financial Officer, quoted the dynamic macroeconomic environment in an interview with Reuters. "I don't think the growth in 2020 will be so strong from a year-on-year perspective, but I do think we will continue to improve profitability this year.”This is the case.
After deducting the impact of purchasing accounting of $167 million, the company reported total revenue of $24 billion, which was higher than the estimated $23.83 billion.
As of the fourth quarter of February 1, Dell's net loss nearly tripled to $299 million. Operating expenditure soared by 13.7% to $6.78 billion.