A pandemic-fueled demand for PCs helped the company draw in
billions of dollars in sales over the past year. However, an ongoing global
chip shortage and supply chain issues are pinching Dell as longer lead times
and parts shortages have led to higher component and freight costs.
The company earned $1.72 per share on an adjusted basis,
below Wall Street's estimate of $1.95, according to IBES data from Refinitiv.
Shares of Texas-based Dell closed down 1 percent on Thursday. They were trading
at $51.89 in extended trading.
"We expect opex (operating expense) as a percentage of
revenue to be slightly higher than FY22 as we invest in the business,"
finance chief Tom Sweet said.
Still, revenue surged 16 percent to $27.99 billion in the
fourth quarter to beat analysts' expectations and the first-quarter forecasts
for revenue and profit were above estimates.
In the three months to January 28, revenue jumped by a
quarter at Dell's client solutions group - the business that includes desktop
PCs, notebooks, and tablets.
In November, the company completed the spin-off of its cloud
computing unit VMware Inc in which it owned an 81 percent stake. Dell had said
VMWare would become a standalone public firm. © Reuters
0 comments:
Post a Comment