Dell Technologies reports blowout Q2 earnings; shares jump
Investing.com | Author Yasin Ebrahim
Published Aug 31, 2023 04:50PM ET
Investing.com -- Dell Technologies reported Thursday much better-than-expected second-quarter earnings as a jump in in service and software maintenance agreements boosted growth.
Dell Technologies Inc (NYSE:DELL) jumped 7% in afterhours trading following the report.
Dell reported adjusted EPS of $1.74, on revenue of $22.93 billion, beating estimates of $1.14 and $20.86B, respectively.
Recurring revenue rose 8% to $5.6B year-over-year in Q2, driven by "increases in service and software maintenance agreement," the company said.
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