“We remain committed to disciplined cost management in coordination with our ongoing business transformation initiatives and will continue to take certain measures to reduce costs,” Dell said in a regulatory filing seen by Bloomberg.
As per the report, Dell is focusing on expanding its business of selling high-powered servers designed for AI tasks. This new growth area has also reportedly excited investors as the company’s stock has increased by 39%.
However, Dell is concerned about the profitability of equipment sold by the company and its rivals like Super Micro Computer (SMC) and Hewlett Packard Enterprise (HPE), as these AI servers require expensive computer chips from companies like Nvidia.
Dell claimed that a higher proportion of AI server sales impacted margins in the most recent quarter, even though overall profit improved compared to the previous period, the report noted
Meanwhile, the company’s more established PC business has not rebounded as strongly as expected following a two-year slump. Last month, the company reported $12.4 billion in fiscal second-quarter revenue, which was down 4% from the same period a year ago as well as slightly below estimates. Even though sales of business PCs remained steady, the revenue from consumer PCs dropped by 22% year-over-year.
Set in the ancient, mythical land of Arthdal during the Bronze Age, this epic drama…
2024-09-19 21:50:03 September 19, 2024 by Anne Husted Associate Director of Publicity, Communications and Awards,…
ccenture Plc is reportedly planning to push back the bulk of its staff promotions by…
Mastercard has partnered with Bitcoin and crypto payments provider Mercuryo to launch a euro-denominated debit…
2024-09-19 21:20:04 After days of testimony that included security and police body camera video, the…
2024-09-19 21:10:04 Sean "Diddy" Combs was willing to turn himself in to authorities before his…