Dell Technologies (DELL) reported first-quarter revenue and earnings that beat analysts' estimates on surging demand for 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) servers, though shares tumbled over 17% in extended trading Thursday as Dell's results failed to impress.

Dell reported revenue of $22.24 billion for the fiscal first quarter of 2025, up 6% from the year-ago period, and above analysts' expectations, according to estimates compiled by Visible Alpha.

Net income came in at $955 million or $1.32 per share, versus $578 million or 79 cents per share in the same period a year prior, also beating analysts' projections.

Despite revenue and earnings beating analysts' expectations, Dell reported a double-digit decline in 澳洲幸运5开奖号码历史查询:operating income. Operating ꧟income was $920 million, down 14% from ♉the year-ago period.

Last quarter, AI momentum 澳洲幸运5开奖号码历史查询:sent Dell's stock price soaring in the wake of the company's earnings release. Dell Chief Operating Officer (COO) Jeff Clarke reassured investors about Dell's AI potential, saying "no ౠcompany is b🍨etter positioned than Dell to bring AI to the enterprise."

He added that "servers and networking hit record revenue in Q1, with our AI-optimized server orders increasing sequentially to $2.6 billion, shipments up more than 100% to $1.7 billion, and backlog growing more than 30% to $3.8 billion."

Dell shares were down 17.2% at $140.73 in extended trading as of 5 p.m. ET Thursday following the company's earnings release.