Dell Reports Steady Sales, Profit on Corporate PC Demand
- Company aided by reducing supply chain dependence on China
- Server demand declines as companies send workers home
Michael Dell
Photographer: Justin Sullivan/Getty Images
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Dell Technologies Inc. reported quarterly revenue and profit that were better than projected on greater sales of personal computers to businesses with employees working from home, even while server demand waned. Shares jumped 7% in extended trading.
Revenue was $21.9 billion in the period that ended May 1, little-changed from a year earlier, the Round Rock, Texas-based company said Thursday in a statement. On average, analysts estimated $20.8 billion, according to data compiled by Bloomberg. Dell generated profit, excluding some items, of $1.34 per share, easily beating analysts’ projection of 95 cents.