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Dell Projects Sales Growth Will Slow in Fiscal 2020

  • Forecast is first since company re-entered the public market
  • Revenue may rise as much as 5.6% after 15% jump in fiscal 2019
A Dell Inc. XPS laptop

A Dell Inc. XPS laptop

Photographer: Patrick T. Fallon/Bloomberg
Updated on

Dell Technologies Inc., issuing a forecast for the first time since re-entering the public markets in December, said sales growth will slow over the next year, signaling that global economic struggles may dent corporate demand for the hardware giant’s products.

Revenue will be $92.7 billion to $95.7 billion in fiscal 2020, Chief Financial Officer Tom Sweet said Thursday on a conference call with analysts. That suggests sales growth of 2.3 percent to 5.6 percent compared with fiscal 2019, when the company’s revenue jumped 15 percent. Annual profit, excluding some costs, will reach $6.05 to $6.70 per share.