Dell Q1 Earnings Highlights: Shares Halted On Early Reported Result, Company Beats Revenue, EPS Estimates
Portfolio Pulse from Chris Katje
Dell Technologies reported Q1 revenue of $20.9 billion, down 20% YoY but beating the Street consensus estimate of $20.27 billion. EPS was $1.31, surpassing the estimate of 86 cents per share. The company highlighted AI growth and its collaboration with Nvidia on Project Helix.
June 01, 2023 | 7:21 pm
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POSITIVE IMPACT
Dell's Q1 revenue and EPS beat estimates, with AI growth and collaboration with Nvidia on Project Helix as key highlights.
Dell's better-than-expected Q1 results, focus on AI growth, and collaboration with Nvidia on Project Helix are likely to have a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Nvidia's collaboration with Dell on Project Helix, aimed at helping customers deploy generative AI at scale, was highlighted in Dell's Q1 earnings report.
Nvidia's collaboration with Dell on Project Helix, which focuses on generative AI deployment, is likely to have a positive short-term impact on Nvidia's stock price as it showcases the company's involvement in AI projects.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50