Dell Technologies Inc. (DELL), a technology leader providing the essential infrastructure for organizations to build their digital future, topped analyst expectations for revenue in the first quarter of fiscal 2025. However, the company’s earnings fell short of analyst estimates and reported a double-digit year-over-year decline in operating income.
In the first quarter that ended May 3, 2024, DELL posted net revenue of $22.24 billion, surpassing analysts’ estimate of $21.65 billion. Its Infrastructure Solutions Group (ISG) delivered revenue of $9.2 billion, up 22% year-over-year. Servers and networking revenue grew 42% to a record of $5.5 billion, with demand strength across AI and traditional servers.
