Dell Technologies announced its financial results for the first quarter of fiscal 2019. Net revenues in Q1 2018 were $21.4 billion, an increase of 19%, compared to $18.0 billion in Q1 2017. Net loss in Q1 2018 was $538 million compared to the net loss of $1.2 billion in Q1 2017.
In this quarter, Dell Technologies saw balanced growth across all business units. Products revenues were up by 22%, from $13.63 billion to $16.67 billion and Services revenues reached to $1.9 billion from $1.7 billion, an increase of 9% YoY. The Client Solutions Group remained no.1 in share position worldwide for displays, marking the 19th consecutive quarter. The Infrastructure Solutions Group saw server revenue growth for the sixth consecutive quarter, driven by double-digit growth for bothPowerEdge and Cloud servers.
