Analysts ‘expectations – for the ninth consecutive quarter – exceeded Dell Technologies’ revenue, as the PC maker saw strong demand for its desktops and laptops, at a time when companies, after the pandemic, experiment with hybrid working models.
The company also recorded an increase of 62% in its quarterly profits compared to the corresponding period last year, with remote work and the willingness of consumers to upgrade equipment to favor the company.
The results come at a time when tech companies are struggling with a global shortage of semiconductors (chips) and supply chain disruptions exacerbated by Vladimir Putin’s war on Ukraine and new pandemic lockdowns in China.
Dell revenue in the PC, laptop and tablet segment increased by 17% in the quarter, while revenue in the data storage and software division rose to + 16%.
Total revenue was $ 26.12 billion in the first quarter of the year, compared with an average analyst estimate of $ 25.04 billion (according to a Refinitiv survey).
Net income was $ 1.07 billion, or $ 1.37 a share, up from $ 659 million, or 84 cents a share, in the same period last year.
Adjusted earnings reached $ 1.84 per share.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
