• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms
  • Community Reviews

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Dell Expects Steady Revenue and Profit Growth

October 5, 2023 by Forex Winner Leave a Comment

In a recent meeting with securities analysts in New York, Dell Technologies reiterated its annual revenue growth expectations of 3% to 4%. Additionally, the PC and enterprise-hardware company raised its adjusted profit growth target to 8% or better, up from a previous forecast of 6%. This upward revision reflects Dell’s confidence in its performance.

The company also announced enhancements to its shareholder-friendly initiatives. Dell now plans to return 80% of free cash flow to shareholders, a significant increase from the previous target range of 40% to 60%. Moreover, it has increased its stock repurchase plan by $5 billion and committed to boosting its dividend by 10% or more annually through fiscal 2028. With a current dividend yield of 2.2%, Dell demonstrates its dedication to returning value to shareholders.

Best Forex Robots ›

Compare leading trading systems on the market

According to Evercore ISI analyst Amit Daryanani, while the unchanged revenue growth forecast may seem conservative, he acknowledges the positive impact of generative artificial intelligence in driving future growth. He describes these AI-driven tailwinds as not only building but also persisting over time. Despite finding the stronger capital returns constructive, Daryanani notes that the unaltered revenue projection is slightly disappointing.

In Thursday trading, Dell’s stock experienced a 1.6% decline, settling at $66.15. Moving forward, investors will closely observe Dell Technologies’ ability to achieve its predicted revenue and profit growth while delivering lucrative returns to its shareholders.

Dell’s Growth and Vision

Dell, a leading technology company, is anticipating steady expansion in its client-solutions and infrastructure solutions groups. The company predicts a 2% to 3% growth in its client-solutions group, primarily focusing on PCs. Additionally, Dell expects a growth rate of 6% to 8% in its infrastructure solutions group, encompassing servers, storage, networking hardware, and enterprise-software products. Notably, Dell projects its net income to convert into adjusted free cash flow at a rate of 100% or better.

During a recent meeting, Chairman and CEO Michael Dell reemphasized the company’s aspiration of being included in the S&P 500 index. He expressed his confidence in Dell’s ability to ride the upcoming wave of technological advancement and progress, particularly in workplace solutions, multicloud, intelligence at the edge, AI, and GenAI. Dell’s established leadership positions across various domains further solidify its belief in sustained value creation for all shareholders in the years to come.

It’s worth highlighting that Dell has made significant strides in reducing its core debt position after completing the acquisition of EMC in 2017. The company has impressively decreased its core debt from $48.9 billion to $14.6 billion.

  • Eric J. Savitz

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News Tagged With: artificial intelligence, Dell Technologies, Profit Growth, Revenue Growth, Shareholder Initiatives

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

Dogecoin (DOGE) Realized Profits Soar 225% in 24 Hours

May 22, 2025

AML Agency Tells Russians: Crypto Exchanges Send Us Your Data

May 21, 2025

Fresno car dealership owned by former MLB pitcher allowing Bitcoin as form of payment

May 20, 2025

Footer

Forex Broker Reviews

Binarycent

Binarycent Review

June 14, 2019 By Forex Winner

Saxo Bank

Saxo Bank Review

July 25, 2019 By Forex Winner

FBS

FBS Review

January 29, 2020 By Forex Winner

Forex Robot Reviews

Earn2Trade Review

August 20, 2023 By Shandor Brenner

FundedNext Review

August 16, 2023 By Shandor Brenner

Topstep Forex Review

August 14, 2023 By Shandor Brenner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2025 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure