Dell Technologies Adds 13% On Q1 Profit

Dell Technologies Inc. (DELL) shares are gaining more than 13 percent on Friday morning after the company reported a 21 percent increase first-quarter net profit attributable to the company.

The quarterly earnings were $1.07 billion or $1.37 per share, compared to $887 million last year.

Revenue for the quarter increased 16 percent to $26.116 billion from $22.590 billion a year ago.

Currently, shares are at $49.77, up 13.29 percent from the previous close of $43.93 on a volume of 5,737,877.

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