Shares up 4.6% premarket (Il Sole 24 Ore Radiocor) - New York, 30 Aug - Shares in Dell Technologies jumped in premarket trade after the PC maker posted better-than-expected quarterly results on the back of solid demand for its AI-driven servers.

In its fiscal 2025 second quarter Dell reported revenue of 25.026 billion dollars, up 9% from the same period a year ago. Wall Street expected revenue of 24.1 billion dollars.

Adjusted earnings in the three months came in at 1.89 dollars per share from 1.74 the previous year, and above a consensus of 1.70.

'Our AI momentum accelerated in Q2, and we've seen an increase in the number of enterprise customers buying AI solutions each quarter,' said CEO Jeff Clarke. 'AI-optimized server demand was 3.2 billion dollars, up 23% sequentially, and 5.8 billion year to date. Backlog was 3.8 billion dollars, and our pipeline has grown to several multiples of our backlog.' At 1200 GMT Dell shares were up 4.6% in premarket trading.

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(RADIOCOR) 30-08-24 14:11:14 (0345) 5 NNNN