Dell Technologies reported revenues of $28bn, up 7% YoY and a net loss from continuing operations of $29mn vs. a net profit of $695mn during the same quarter in the prior year. EPS missed estimates of $1.95, coming in at $1.72. Its Infrastructure Solutions Group revenue for the quarter was at $9.2bn, up 3%. Its Client Solutions Group delivered record revenues of $17.3bn, up 26%, driven by $12.9bn in commercial revenue. For the full year, Dell reported record annual revenues of $101.2bn, up 17% YoY fueled by continued growth across all business units and record PC shipments. It also reported a record full-year EPS of $6.26, up 114%. Dell announced a quarterly cash dividend policy, with an initial quarterly dividend of $0.33/share.
Dell’s bonds were stable with its 6.2% 2030s at 117.83, yielding 3.64%.
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