Dell Hikes Estimates on Strong AI Demand
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Dell Hikes Estimates on Strong AI Demand
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Dell Technologies Inc. roughly doubled its growth estimates for sales and profit for the next two years, and said demand for artificial intelligence products will extend those higher projections at least through the 2030 fiscal year.
The company unveiled a “long-term financial framework” that calls for sales to rise at a rate of 7% to 9% annually for the next four years, while earnings per share, excluding some items, will increase 15% or more. The company in 2023 had estimated revenue growth of 3% to 4% and adjusted EPS of 8% or better. Dell is announcing the updated numbers, which apply through fiscal year 2030, at an investor event Tuesday in New York, Chief Operating Officer Jeff Clarke said in an interview ahead of the event.
Today's show features:
- Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst
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- Eric Clark, Accuvest Global Advisors CIO
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