Dell beat analysts’ estimates on both revenue and earnings per share — a sign that the company’s efforts to turn itself around may be working.
Revenue: $16.1 billion, 9% increase y/y, beating Street’s $15.68 billion consensus
EPS: $0.38, 12% increase y/y, beating Street’s $0.34 consensus
Operating Income: $899 million, a 4% decrease y/y
Dell (DELL) didn’t provide specific guidance but said that they will continue to incur costs from the reorganization, including more layoffs. The company also warned that IT spending in the US will stay conservative, “particularly with its global and large customers as well as public, small and medium business accounts,” through the summer.