Dell Technologies (DELL) reported a substantial revenue increase of 88% year-over-year, booking $24.4 billion in AI orders for the current fiscal year and recognizing $16.1 billion in AI server revenue. The company has raised its AI server revenue expectations for FY27 to $60 billion, highlighting strong demand driven by the AI market.
Cisco Systems (CSCO) achieved record sales of $15.8 billion, exceeding prior guidance, with overall product orders rising 35% year-over-year. Data center switching orders surged by 40%, indicating robust demand across its technology segments. Cisco now holds a Zacks Rank of #2 (Buy), reflecting positive EPS revisions.
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