Dell Technologies Inc.’s revenue plunged in the fiscal first quarter by the largest percentage on record for the company, and executives expect a similar drop in the current quarter.
On Thursday, Dell DELL reported first-quarter earnings of $578 million, or 79 cents a share, on sales of $20.9 billion, down nearly 20% from $26.12 billion a year ago. Dell had not reported a sales decline higher than 13.9% since returning to the public markets in 2016, according to FactSet records.
After…
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