Dell Technologies has reported its first quarter financial results for the fiscal year 2025, ending on May 3. The total revenue was $22.244 billion, showing a 6% increase from the same period in the previous year, with a net income of $955 million according to GAAP standards.
Jeff Clarke, the CEO of Dell Technologies, emphasized that Dell is leading the way in providing AI solutions to organizational customers. This is evident from the record-breaking revenue generated from servers and networking equipment in the quarter. Customized server orders for AI applications increased to $2.6 billion, with deliveries up by $1.7 billion, and backup solutions saw a growth of over 30%.
Breaking down the numbers by business segment:
– Infrastructure Group revenue reached $9.227 billion, a 22% increase, driven by a 42% growth in servers and networking equipment, totaling $5.466 billion.
– Clients Group revenue stood at $11.967 billion, holding steady compared to the previous year, with a 3% increase from organizational clients and a 15% decrease from general consumers.
Source: Dell Technologies (pdf)
**TLDR:** Dell Technologies reported a 6% increase in revenue to $22.244 billion in the first quarter of fiscal year 2025, with a net income of $955 million. The company continues to lead in AI solutions for organizational customers, with significant growth in server and networking equipment sales.
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