Dell Technologies (DELL) Announces Updates to its Long-Term Financial Framework, Approves Additional $5 Billion Buyback Plan

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Go back to Dell Technologies (DELL) Announces Updates to its Long-Term Financial Framework, Approves Additional $5 Billion Buyback Plan

Dell increases its stock buyback plan by $5 billion

October 5, 2023 8:58 AM EDT

Dell Technologies (NASDAQ: DELL) shares were seen whipsawing in early Thursday trade after the IT company outlined its mid-term financial guidance during todays Analyst Day.

Some of the key announcements include an increase in the company's share repurchase authorization, an increase in its annual capital return target, and a commitment to grow the dividend.

Dell sees annual revenue growth of 3-4% and an increase in its non-GAAP... More