5 Key Earnings Reports to Watch

4. Dell Technologies Inc. (NYSE:DELL)

Number of Hedge Fund Holders: 62

Shares of Dell Technologies Inc. (NYSE:DELL) recently plunged to a five-month low following its disappointing profit for the fourth quarter. The Texas-based tech company reported adjusted earnings of $1.72 per share, down from $1.76 per share in the year-ago period and below the consensus of $1.95 per share.

On the bright side, Dell Technologies Inc. (NYSE:DELL) posted revenue of $28 billion, up 16 percent on a year-over-year basis. Analysts were expecting the company to generate revenue of $27.5 billion.

Dell Technologies Inc. (NYSE:DELL) also disclosed its segment-wise sales performance. Revenue from its Client Solutions Group jumped 26 percent to $17.3 billion, while revenue from the Infrastructure Solutions Group increased 3 percent to $9.2 billion in the quarter.

Discussing the results, co-chief operating officer Chuck Whitten said:

“In FY22, widespread digital transformation continued to accelerate growth in technology spend, and we are encouraged by growing demand across our entire portfolio. We also made strategic progress across multi-cloud, edge, as-a-Service and telecom. We launched solutions in these spaces, engaged customers, and made investments to position Dell for future growth.”