DELL shares tumble 15% after results

Dell Technologies (NYSE: DELL) shares plummeted by 15% in afterhours Thursday trading following Q1 results.

The technology giant announced first-quarter revenue of $22.2 billion, a 6% increase from the same quarter last year, surpassing the consensus estimate of $21.65 billion.

The company's Infrastructure Solutions Group (ISG) was a standout performer, with revenue climbing 22% YoY to $9.2 billion, bolstered by a record 42% increase in servers and networking revenue, which hit $5.5 billion.

However, the Client Solutions Group (CSG) revenue remained flat YoY at $12.0 billion, with commercial client revenue seeing a modest 3% rise.

Dell's adjusted earnings per share (EPS) for the quarter was $1.27, slightly above the analyst estimate of $1.25 but marked a 3% decrease from the previous year. T

CFO Yvonne McGill highlighted the company's execution and cash flow, noting the role of AI in driving new growth. "Revenue was up 6% at $22.2 billion, servers and networking revenue was up 42%, and we generated $7.9 billion of cash flow from operations over the last 12 months," McGill stated.

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