Dell (DELL.N) continued to rise in after-hours trading, with gains expanding to 39%, after reporting first-quarter results that far exceeded expectations.

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

Dell reported first fiscal quarter profit of $3.44 billion, or $5.24 per share, compared with 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, above 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. The group's growth was fueled by AI-optimized servers and traditional servers.

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