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Investing.com — Dell Technologies reported Thursday fourth-quarter results that topped Wall Street estimates and the hardware maker hiked its dividend.
The company also announced that Tom Sweet would retire as chief financial officer at the end of Q2. Yvonne McGill, currently corporate controller, will take up the reins as CFO at the start of Q3 fiscal 2024.
Dell Technologies (NYSE:DELL) jumped 5% in afterhours trading following the report.
The client solutions group reported a 23% decline in revenue to $13.36B year-on-year in Q4, offsetting 7% growth in its infrastructure solutions group business.
The company also hiked its dividend by 12% to $1.48 a share.
