Dell Technologies Slips To Loss In Q2

(RTTNews) - Dell Technologies Inc. (DVMT) Thursday announced second quarter net loss of $946 million, compared to profit of $573 million in the prior year. Net loss from continuing operations widened to $978 million from $262 million. Earnings per share for the continuing operations were $0.82.

Net revenue for the quarter increased 48 percent to $19.299 billion from $13.80 billion in the prior year.

In a separate release, Dell said it has signed a multi-year commitment to become the primary IT infrastructure supplier for GE. The deal is said to be one of the largest non-government contracts in Dell Technologies, Dell or EMC history.

As per the agreement, GE will use Dell EMC servers, storage, backup and related professional services, enabling the company to enhance the reliability and efficiency of its IT infrastructure with automated and flash-optimized solutions.