Dell, Snowflake’s Earnings Beat, MongoDB’s Raised Outlook And More: This Week In Tech

This week was a whirlwind of activity in the tech sector, with companies like Dell Technologies and MongoDB making headlines. Dell’s first-quarter earnings beat expectations, while MongoDB raised its FY27 outlook.

Let’s dive into the details of these stories and more.

Dell’s Q1 Earnings Surpass Expectations

Dell Technologies reported Q1 revenue of $43.84 billion, significantly higher than the consensus estimate of $35.45 billion. The company’s adjusted earnings per share also beat estimates, coming in at $4.86 compared to the expected $2.94. Dell’s total revenue saw an 88% YoY increase, and the company returned $2.1 billion to shareholders through share repurchases and dividends.

Read the full article here.

MongoDB Raises FY27 Outlook After Strong Q1

Data platform company MongoDB reported Q1 revenue of $687.62 million, beating analyst estimates of $667.82 million. The company’s adjusted earnings per share of $1.32 also surpassed the estimated $1.18. MongoDB’s total revenue increased by 25% YoY, and the company ended the quarter with $2.4 billion in cash and equivalents.

Read the full article here.

Jim Cramer Praises Dell’s Performance

CNBC’s “Mad Money” host Jim Cramer lauded Dell’s latest quarterly results, calling them one of the biggest earnings surprises he can remember. He suggested that Dell’s performance could mark a turning point for AI stocks.

Read the full article here.

Snowflake’s AI-Driven Earnings Beat

AI data cloud company Snowflake reported Q1 revenue of $1.39 billion, beating analyst estimates of $1.32 billion. The company’s adjusted earnings per share of 39 cents also surpassed the estimated 32 cents. Snowflake’s total revenue was up 33% YoY, and the company added 616 new customers in the quarter.

Read the full article here.

Dell Wins $9.7 Billion Pentagon Contract

Dell Technologies secured a $9.7 billion contract with the Pentagon, designed to consolidate licenses for Microsoft tools used on both classified and unclassified networks. The contract is expected to cut annual costs by $422 million.

Read the full article here.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo Courtesy: Ken stocker on Shutterstock