Dell Recent News and Earnings

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Today, November 26 2024 Dell Technology’s earnings came out, the net income earnings for this quarter is 12.52% up which is $1.13 billion in addition to that revenue is up 9.51% which is $24.37 billion dollars. Dell’s sales were expected to jump 10.3%, reaching $24.53 billion in sales but last quarter the EPS ( Earnings Per Share) was $1.89 per share in the last quarter, which was also 8.26% above the consensus. This Quarters Earnings per share (EPS) was 4.09% above expectations. Dell’s stock has Went over 12.1%, analysts still have a buy recommendation towards buying Dell’s stock. Currently Dell’s Dividend rate is 1.33% ($1.78) per year.

New Services

Dell Technology is enhancing the Dell AI Factory thus introducing new solutions and services created in partnership with Microsoft. These services is being updated for Microsoft Applications which will help AI innovation and make productivity better. Dell advisory and managing services will help Dell and Microsoft. By helping customers enhance the customers cybersecurity. Dell APEX Protection Services for Microsoft Azure provides AI-power. Dell-managed enterprises will gain class data protection and cyber resilience with improved resource usage using advanced data reduction capabilities.

This approach to data protection and cyber resilience is beneficial because it merges enhanced security with efficiency. By increasing advanced data reduction capabilities, it is reducing the amount of storage needed that optimizes resource usage and reduces costs. This also improves data protection from cyber threats.

Dell’s problem with the army

Dell Technologies Inc and its subsidiary Dell Federal Systems L.P. have agreed to pay $2.3 million to resolve allegations that the companies violated the False Claims Act, because submitting non-competitive bids that resulted in overcharges under the Army Desktop and Mobile Computing 3 (ADMC-3) contract. Iron Bow Technologies also agreed to pay $2.051 million for its role in the scheme.

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