I have a stupid question
Why is this 41% leap being reported without asking the obvious question? Why and how?
What happened last year? And what changed this year?
Dell revenues soared in its first fiscal 2019 quarter, compared to the year-ago period, with losses down two-thirds and server income leaping 41 per cent. For the first quarter of the 2019 financial year – the three months to May 4 – revenues were $21.4bn, 19 per cent higher than the $18bn reported a year ago. The net loss was …
pretty simple explanation...all Y/Y data to date was misleadingly negative because of the delta's between Dell's fiscal year and Ex-EMC's calendar year. This is the first catchup where everything is on the same calendar. Which put another way, the past 4 quarters of doom and gloom have been way overstated, and the miraculous numbers here are as well.
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