Dell Technologies Q3 Results Fiscal Period 2024: Earnings, Net Profit, Sales YoY Growth

Dell Technologies has recently released its fiscal 2024 Q3 results. The company has recorded several good aspects along with some difficulties as well. There was a decrease in product revenue, with an increase in service revenue. Dell Technologies generated a revenue of $22.25 billion. However, the share price has continuously fallen since the beginning of December month. We will share details about Dell Technologies Q3 results in the article below. Let us explore more about the Q3 performance below.

Dell Technologies Q3 Results Fiscal Period 2024

Dell Technologies Q3 Results FY2024, Earnings, Net Profit & Loss

Dell Technologies Q3 has witnessed a decline of 10% in year-on-year revenue on a non-GAAP basis. Zacks Consus estimated 27.89%, but it ended up declining 18% YOY. However, there is a 4% increase in the recurring revenues. The numbers are $5.6 billion YOY basis. Dell’s product revenue falls by 14% YOY. It was recorded to be $16.23 billion in the current quarter. There was an upsurge in the service revenue by 4% Year over year. The numbers are $6.02 billion. Let us talk about the earnings and profits in Dell Q3 results below.

The Q3 earned a non-GAAP gross profit of $5.28 billion with a fall of 10%. The company had more expense on Research and development, with a rise of 4% YOY, leading to $677 million for the current quarter. The non-GAAP operating income of Dell is $1.96 billion.

According to the Nasdaq reports of Dell Q3, the company has $26.617 of debt till November 2023 beginning. The Q4 expects to have similar returns with a revenue of approximately $21.5 billion. The company records a cash flow of $2.2 billion for the current quarter. The dividend distribution amounts to a total of $266 million. The ISG segment had a fall of 12% YOY, with CSG falling 13% YOY.

Dell Stock Price

Dell stock price of $67.63 on Thursday, 7 December 2023. It has witnessed a decline since the beginning of the month. There is almost a 10% fall in the share price with -7.47 points. The market opened at 9:30 a.m. with a share price of $ 69.57 on Thursday. It closed at 4:00 p.m. with $ 67.64 per share price. The overall performance of the Dell Q3 is said to be alright. The highest share price in the previous month was Rs. 75.87 on 30 November 2023. The market was also affected after the declaration of Dell’s Q3 results.

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