Dell Technologies has posted an impressive second quarter, with overall revenue up 9% to $25 billion. Operating income for the three months ended 2 August, 2024 was $1.3 billion – up 15%.
Diluted earnings per share was $1.17, up 86%. “In Q2 our combined ISG [Infrastructure Solutions Group] and CSG [Client Solutions Group] revenue was $24.1 billion, up 12% year-over-year, positioning us well for the second half of the year and beyond,” said Yvonne McGill, chief financial officer, Dell Technologies.
“Our momentum in ISG is a significant tailwind, with record ISG revenue of $11.6 billion, up 38% year-over-year.”
The CSG revenue was actually down 4% to $12.4 billion.
Dell returned $1 billion to shareholders through share repurchases and dividends, and ended the quarter with $6 billion in cash and investments.
