What's the next doomsday prediction by the ex dell laid off crowd dimewits
9 replies (most recent on top)
Perhaps start with a basic English lessons. That post read like instructions from IKEA.
This is fine. Pandemic spending was a boon for Dell and a lot of other tech companies. It spurred hiring so now than the bo-m is over, the company is returning to previous levels. However unlike before the pandemic, inflation and high interest rates are the guiding factors. As long as wages don't increase (to meet current inflation) the company will execute just fine.
Putting lipstick on pig???
To the OP - @OP+1mYyLrg5
Predict that you're an as*hole
ya, not good. Sales of pc's and servers/storage is way down. You can only do some many layoffs to reduce costs before there is nothing left.
Where are you getting "Earnings are good". Here is the reality:
https://www.prnewswire.com/news-releases/dell-technologies-delivers-first-quarter-fiscal-2024-financial-results-301840591.html%23:~:text=Dell%20Technologies%20(NYSE:%20DELL),%25%20and%2025%25,%20respectively./
Dell Technologies (NYSE: DELL) announces financial results for its fiscal 2024 first quarter. Revenue was $20.9 billion, down 20%. The company generated operating income of $1.1 billion and non-GAAP operating income of $1.6 billion, down 31% and 25%, respectively. Diluted earnings per share was $0.79, and non-GAAP diluted earnings per share was $1.31, down 42% and 29%, respectively. Cash flow from operations was $1.8 billion.
Earnings are down 20% across both divisions YoY.
Q1 earnings were better than expected but are down significantly YoY. Things are ugly and there will be more cuts.
Not really sure how you think earnings was good?
Please explain.