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Dell Technologies reports blowout Q2 earnings; shares jump

Investing.com -- Dell Technologies reported Thursday much better-than-expected second-quarter earnings as a jump in in service and software maintenance agreements boosted growth.

Dell Technologies Inc (NYSE:DELL) jumped 7% in afterhours trading following the report.

Dell reported adjusted EPS of $1.74, on revenue of $22.93 billion, beating estimates of $1.14 and $20.86B, respectively. 

Recurring revenue rose 8% to $5.6B year-over-year in Q2, driven by "increases in service and software maintenance agreement," the company said.

 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.