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Dell Earnings And Stock Drop: 5 Big Server, PC And Storage Takeaways

Dell Technologies stock dropped more than 10 percent on Friday following the company’s first fiscal quarter earning report. CRN breaks down the five biggest takeaways from Dell’s Q1 earnings.

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Digging Deep With Dell

Dell Technologies had mixed results during its first fiscal quarter due to several speed bumps highlighted by a server sales slump in China, which has caused the company’s stock to plummet more than 10 percent on Friday.

“China is an important market for us, it’s our second largest market,” said Tom Sweet, chief financial officer of Dell Technologies, during the company’s first quarter earnings conference call on Thursday. “We have a good relationship and a good business there, but clearly the U.S.-China trade tensions are a bit of an overhang on the business.”

The Round Rock, Texas-based $91 billion infrastructure giant reported first quarter revenue of $21.9 billion, up 3 percent year over year. Dell reported net income of $329 million or 1.5 percent of revenue.

CRN breaks down the five biggest takeaways from Dell Technologies’ earnings and the company’s plan to continue to drive growth.

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