Dell Projects Stronger Growth Amid AI Tech Boom

Barcelona, Spain – Shares of Dell Technologies Inc. climbed 5% on Tuesday after the company announced an increase in its long-term revenue and profit growth expectations during a meeting with analysts.

The computer maker revealed it now projects annual revenue growth between 7% and 9%, an increase from its previous forecast of 3% to 4%. For the full year, Dell expects diluted earnings per share to rise by at least 15%, a significant jump from its earlier prediction of 8% or better.

In a statement, Dell attributed the revised guidance to “the unprecedented pace of change in technology,” with a focus on advancements in artificial intelligence. The company emphasized that its engineering, deployment, ecosystem, and other services position it as a leader in AI infrastructure solutions.

This announcement comes during the Mobile World Congress, the largest mobile fair globally, taking place in Barcelona. The event showcases innovations in mobile technology, attracting industry leaders and enthusiasts alike.

This is breaking news and updates will be provided as more information becomes available.