Dell Technologies Inc. reported quarterly revenue that topped analysts estimates on strong demand for business PCs and networking services, a sign that companies have been modernizing their technology stacks as workers return to the office. The shares jumped in extended trading.
Sales climbed 16% to $26.1 billion in the fiscal first quarter, which ended April 29. Analysts, on average, projected $25 billion, according to data compiled by Bloomberg. Revenue was bolstered by a 22% rise to $12 billion from commercial PCs, one of Dell’s highest-grossing products, the Round Rock, Texas-based company said Thursday in a statement. Profit, excluding some items, was $1.84 a share, also topping analyst estimates.
The shares gained about 5% in extended trading after closing at $43.93 in New York. The stock has tumbled 22% this year.
https://finance.yahoo.com/news/dell-sales-top-estimates-strong-202637919.html
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