Dell (DELL.US) Q2 performance exceeds expectations but is sold off, worries arise over shrinking profit margins in AI servers.
According to the Weibo Finance APP, Dell Technologies (DELL.US) released its financial report after the market closed on August 28th. The stock price dropped after the report was released. The report showed that the company's revenue increased by 19% to $29.8 billion, which was higher than the average expectation of $29.2 billion. Adjusted earnings per share were $2.32, higher than the analysts' average expectation of $2.30. The financial report also indicated that sales of artificial intelligence (AI) servers decreased compared to the previous quarter, and the profit margin of these high-performance machines was lower than analysts' expectations.
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