Dell Technologies on Thursday (Oct 5) reiterated that it expects revenue to grow at a compounded annual rate of 3 per cent to 4 per cent over the long term, disappointing some investors who expected AI to drive a bigger sales jump and sending its shares down 4 per cent. The company, which makes PCs and ser
The logo for Dell Technologies is displayed on a screen on the floor of the New York Stock Exchange in New York, on Jan 10, 2019. Dell Technologies on Thursday reiterated that it expects revenue to grow at a compounded annual rate of 3 per cent to 4 per cent over the long term, disappointing some investors who expected AI to drive a bigger sales jump and sending its shares down 4 per cent.
The revenue outlook suggests that the boost from generative AI could take longer to materialize for the company whose shares have rallied nearly 20 per cent since a strong earnings report in August on optimism about its role in enabling the new technology.
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