Dell's AI Server Orders Reached $61 Billion in the Second Quarter, and the Pipeline Keeps Growing
Demand for the company's traditional server line continues to impress, with revenue growth more than doubling.
Overview
Dell Technologies (NYSE: DELL) booked $61 billion in artificial intelligence (AI) server orders during the second quarter (Q2), up from $24 billion in Q1. The AI build-out continues to fuel its pipeline, which COO Jeff Clarke says "remains multiples of our backlog."
Details
AI server revenue grew 100% to $16.4 billion, and traditional servers and networking revenue rose 122% year over year. Total revenue climbed 58% to a record $47 billion, and the company now expects growth of around 70% for the full year.
Source
Originally published at www.fool.com.
Related Articles
- Renewable-energy mandates are actually bad for consumers. They’re not great for solar stocks, either.
- Now’s your chance to make money during the best bond market for yields in decades — if you get over Treasury jitters
- Josh Brown says Apple's stock chart just gave you a classic 'tell.' What it means
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.