{"id":108031,"date":"2021-02-25T23:25:19","date_gmt":"2021-02-25T23:25:19","guid":{"rendered":"https:\/\/fin2me.com\/?p=108031"},"modified":"2021-02-25T23:25:19","modified_gmt":"2021-02-25T23:25:19","slug":"dell-technologies-q4-results-top-street-view","status":"publish","type":"post","link":"https:\/\/fin2me.com\/economy\/dell-technologies-q4-results-top-street-view\/","title":{"rendered":"Dell Technologies Q4 Results Top Street View"},"content":{"rendered":"<p> Dell Technologies (DELL) Thursday reported an increase in profit for fourth quarter as revenues rose 9% driven largely by continued demand for desktops and notebooks as COVID-19 pandemic continues to force several people to work remotely. Both earnings and revenues for the quarter trumped Wall Street analysts&#8217; estimates.<\/p>\n<p>Round Rock, Texas-based Dell&#8217;s fourth-quarter profit rose to $1.34 billion or $1.57 per share, up from $416 million or $0.54 per share last year.<\/p>\n<p>Adjusted earnings were $2.29 billion or $2.70 per share for the period, up from $1.68 billion or $2.00 per share last year.. Analysts polled by Thomson Reuters estimated earnings of $2.14 per share. Analysts&#8217; estimates typically exclude special items.<\/p>\n<p>Revenue for the quarter rose 9% to $26.11 billion from $24.02 billion last year. Analysts had a consensus revenue estimate of $24.49 billion.<\/p>\n<p>&#8220;In the past year, our team rallied to support our customers and partners worldwide as <span>technology<\/span> played a central role in keeping our society, <span>economy<\/span> and  lives moving forward,&#8221; said Jeff Clarke, chief operating officer, Dell Technologies. &#8220;We generated record revenue of $94.2 billion this year by helping customers adapt to new work-and-learn-from-anywhere realities and are in an advantaged position to capitalize on the projected mid-single digits growth in IT spending in 2021.&#8221; <\/p>\n<p>Client Solutions Group revenues grew to 17% to a record $13.8 billion, with consumer revenue up 19% and commercial client revenue up 16%.<\/p>\n<p>DELL closed Thursday&#8217;s trading at $79.68, down $2.01 or 2.46%, on the Nasdaq. The stock, however, gained $2.57 or 3.23% in the after-hours trade. <\/p>\n<p>Source: <a href=\"https:\/\/www.rttnews.com\/3173102\/dell-technologies-q4-results-top-street-view.aspx?type=ern\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dell Technologies (DELL) Thursday reported an increase in profit for fourth quarter as revenues rose 9% driven largely by continued demand for desktops and notebooks [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dell Technologies Q4 Results Top Street View - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/economy\/dell-technologies-q4-results-top-street-view\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dell Technologies Q4 Results Top Street View - 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