06:58 AM EDT, 09/11/2024 (MT Newswires) -- Dell Technologies ( DELL ) in a 10-Q filing Monday said it will continue to reduce its workforce in fiscal 2025 as part of measures to cut costs, including limitation of external hiring and employee reorganizations.

Dell said it expects a competitive pricing landscape to persist throughout fiscal 2025 and forecasts net revenue growth for the fiscal year, primarily fueled by its Infrastructure Solutions Group, notably from AI-optimized servers, and a rebound in demand for traditional servers and modest revenue growth for its Client Solutions Group. Since Dell is no longer a distributor of Vmware's standalone products and services, the company expects "a continued reduction" in net revenue from its other businesses.

"We look to balance profitability and growth while maintaining disciplined pricing as we navigate through competitive pricing pressures," the company said.

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