5 Stocks in Focus After Posting Their Financial Results

2. Dell Technologies Inc. (NYSE:DELL)

Number of Hedge Fund Holders: 60

Shares of Dell Technologies Inc. (NYSE:DELL) hit a one-month high on Wednesday, 24 November 2021, after announcing impressive financial results for the third quarter, driven by growth across all key businesses.

Dell Technologies Inc. (NYSE:DELL) reported adjusted earnings of $2.37 per share, compared to $2.03 in the same period of 2020. Analysts were looking for earnings of $2.30 per share. In addition, revenue for the quarter climbed 21 percent on a year-over-year basis to $28.4 billion, beating the consensus forecast of $27.37 billion.

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If we break down the total sales by segments, revenue from the client solutions group climbed 35 percent on a year-over-year basis to $16.5 billion. In comparison, revenue from the infrastructure solutions group rose five percent to $8.4 billion, while VMware revenue jumped 10 percent to $3.2 billion in the quarter.