© Reuters. Dell Applied sciences stories Q3 revenues miss, however EPS beats estimates
Dell Applied sciences (NYSE:) shares fell greater than 2% after-hours following the corporate’s reported Q3 outcomes, with income of $22.3 billion (down 10% year-over-year) coming in worse than the consensus estimate of $23.01B. Q3 EPS got here in at $1.88, in comparison with the consensus estimate of $1.46.
Infrastructure Options Group income was $8.5B in Q3, down 12% year-over-year, and Consumer Options Group income was $12.3B, representing an 11% year-over-year decline.
The corporate ended the quarter with remaining efficiency obligations of $39B, recurring income of $5.6B, up 4% year-over-year, and deferred income of $29.1B, up 7% year-over-year, primarily because of will increase in software program and {hardware} upkeep agreements.
“We have proven our ability to generate strong cash flow through profitability and working capital efficiency, including $9.9 billion of cash flow from operations over the last twelve months,” stated CFO Yvonne McGill.
