Del sales exceed estimates with the support of the wave of artificial intelligence

Dell Technology Inc has announced better sales and profits than expected, at a time when businesses appear to be updating their information technology equipment to meet the demand for artificial intelligence. The shares of the company jumped with about 17% after announcing the results. The company said in a statement on Thursday that sales dropped by $ 10% to $ 22.3 billion in the fourth fiscal quarter. Despite the decline, it is slightly higher than the $ 22.2 billion dollars expected by analysts. The profit, with the exception of some items, reached $ 2.20 a share, while analysts expected an average of $ 1.72, according to the data collected by Bloomberg. Del is known for its work in the field of computers and has attracted the attention of investors over the past year because of the great increase in demand for high -energy servers needed to operate the works associated with artificial intelligence. The infrastructure unit, which includes servers, earned an income of $ 9.33 billion, exceeding more than estimates. The company, based in ‘Round Rock’ in Texas, said the successive increase in sales during the previous period ‘is mainly driven by improved servers of artificial intelligence’, which comes despite the decline in the total revenue of the unit by 6% from the same quarter of the previous year. Standard levels whose shares have reached its highest level at $ 113.34 in the trading that extends to the market closing, after the closing price that recorded $ 94.66 on the New York Stock Exchange. The share price has doubled over the past twelve months, amid the enthusiasm of investors over the role of servers in the purchase cycle that depends on artificial intelligence. Jeff Clark, CEO of Operations, said in a statement: “We have just begun to investigate the chances of artificial intelligence awaiting us, and we believe that (Dell) has a unique position through our wide group to help clients build the solutions of obstetric intelligence that meet the requirements of performance, costs and security.” He added that at the end of the period on February 2, the accumulated requests on artificial intelligence servers amounted to $ 2.9 billion. Computers sales fell 12% to $ 11.7 billion, which is more serious than the drop expected by analysts with 10%, reflecting the ongoing recession in the personal computer market. Commercial sales fell by $ 9.56 billion, while consumer turnover fell by $ 19% to $ 2.15 billion. On Wednesday, HP Inc, a competitive company in personal computers, violated analysts’ estimates of computer sales and said the request would take longer to recover. While the market has seen a ‘unparalleled decline in the history of the industry’, the market is ready to move later in 2024, the research business ‘IDC’ wrote in a report last month.