Dell Technologies 1Q Profit Jumped on Higher Sales, Lower Expenses
26 Maio 2022 - 6:09PM
Dow Jones News
By Jeffrey T. Lewis
Dell Technologies Inc. said Thursday its profit rose in the
first quarter after sales jumped and some operating expenses
declined.
The Round Rock, Texas-based computer equipment maker reported
net income of $1.07 billion, compared with $938 million a year
earlier. Earnings per share reached $1.37, compared with 84 cents
in the first quarter of 2021, and adjusted earnings per share rose
to $1.84 from $1.35. Net revenue increased to $26.12 billion from
$22.59 billion.de
The revenue figure beat market expectations, while profit
underperformed. The median forecast of analysts surveyed by FactSet
was for sales of $25 billion and net income of $1.10 billion.
The company's total cost of net revenue rose to $20.33 billion
from $17.33 billion, while selling, general and administrative
expenses fell to $3.55 billion from $3.66 billion, and total
operating expenses declined to $4.23 billion from $4.28
billion.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
(END) Dow Jones Newswires
May 26, 2022 16:54 ET (20:54 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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