Dell's third-quarter revenue of $24.4 billion shows a 10% year-over-year increase, driven largely by a robust 34% growth in its AI-focused Infrastructure Solutions Group.
Despite a promising increase in revenue, Dell's shares fell over 10% following a lower-than-expected outlook for the fourth quarter, estimated between $24 billion and $25 billion.
Jeff Clarke, Dell's vice chairman, highlighted, 'AI is a robust opportunity for us with no signs of slowing down,' emphasizing record server orders and increasing demand.
While Dell's ISG division prospered, the decline in CSG revenue by 1% to $12.1 billion indicated challenges in consumer and enterprise PC sales upfront.
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