DELL(DELL.N) continues to rise in after-hours trading, with gains expanding to 39%, following the announcement of first-quarter earnings that far exceeded expectations

Odaily Planet Daily News Dell (DELL.N) reported an 88% surge in first-quarter sales, leading the company to raise its full-year outlook. The company said on Thursday that it now expects full-year revenue to be between $165 billion and $169 billion, up from the previous range of $138 billion to $142 billion. Dell also raised its midpoint of adjusted earnings per share outlook from $12.90 to $17.90.

Dell reported a profit of $3.44 billion, or $5.24 per share, for the first fiscal quarter, compared with a profit of $965 million, or $1.37 per share, in the same period last year. Excluding certain one-time items, adjusted earnings per share were $4.86, higher than the $2.96 expected by analysts surveyed by FactSet. Revenue surged 88% to $43.84 billion. The sales growth was driven by the Infrastructure Solutions Group, whose revenue nearly tripled to $29 billion. Growth in this segment was fueled by AI-optimized servers and traditional servers.

Dell expects revenue for the current second fiscal quarter to be between $44 billion and $45 billion, with a midpoint of adjusted earnings per share of $4.80. According to a survey of analysts by FactSet, analysts expected revenue of $35.1 billion and adjusted earnings per share of $2.99. (Jin Shi)