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Dell Beats Quarterly Estimates After Cost Cuts Despite 20 Percent Drop in Revenue

Summary by World ABC News
Better cost controls helped Dell Technologies beat estimates for first-quarter profit on Thursday, a positive sign for personal computer makers after months of cratering demand. The results contrasted rivals HP and Lenovo Group, but a full recovery remains some ways off as Dell forecast current-quarter revenue below Wall Street targets and warned that IT spending would stay cautious. Shares of the company were down 2 percent after the bell, reve…
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