What's Going On With Dell Technologies Shares Today?

Quick Summary:

According to an exchange filing, the company anticipates rising input costs in the second half of fiscal 2025, driven by inflation and the weakness of “end-user demand and supply dynamics.”

Despite these challenges and competitive pricing pressures, Dell expects net revenue growth for the year, fueled by increased demand for AI-optimized servers and a modest boost from the PC refresh cycle.

Dell Technologies Inc.(NYSE:DELL) announced continued headcount reductions and projected a decrease in other businesses’ net revenue as it no longer acts as a distributor of VMware’s standalone products and services.

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Article Details

Author / Journalist: Nabaparna Bhattacharya

Category: Technology

Markets: United States

Topics: CHAT DELL Stories That Matter LOUP Movers Why it's moving Media News SMCI Tech Briefs US24702R1014 US67066G1040 Benzinga Markets NVDA Equities US86800U1043 General HPE

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-11 @ 15:51:49 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 386 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22461059

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About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 27 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #53

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