From CNBC:

Dell Technologies stocks soared over 15% in after-hours trading following a strong fourth-quarter earnings report. Revenue reached $22.32 billion, surpassing expectations, while net income rose to $1.16 billion, showing an 89% increase from the previous year. The company plans to increase its annual dividend by 20% to $1.78 per share.

In the fourth quarter of fiscal 2024, Dell’s Infrastructure Solutions Group reported $9.3 billion in revenue, with $4.9 billion coming from AI-optimized servers. The Client Solutions Group generated $11.7 billion, including $9.6 billion in commercial client revenue and $2.2 billion in consumer revenue. Dell expects to return to growth in fiscal 2025.



Read more at CNBC:: Dell (DELL) Q4 2024 earnings