Dell Sees 9% Revenue Boost as AI-Optimized Server Sales Surge. AI Server Backlog Hits $3.8 Billion Amid Revenue Growth

Benzinga 2024-08-30

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Dell reported a 9% increase in revenue in its fiscal second quarter. The results were driven by a surge in AI-optimized server sales, which rose more than half a billion dollars from the previous period. The company's backlog for AI server orders stands at $3.8 billion, with significant future opportunities, especially among enterprises and governments. Concerns remain about the profitability of these AI servers due to the high cost of components like Nvidia chips. Dell's PC business saw a decline, with revenue falling. The company is also considering selling its cybersecurity unit, SecureWorks.

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