Dell Sales Miss Estimates With Corporate PCs Still Lagging
- Demand jumps for high-performance servers that support AI
- Company projects annual revenue will increase in coming year
Dell Technologies offices in Round Rock, Texas.
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Dell Technologies Inc. reported revenue that declined more than expected, buffeted by continued sluggish corporate demand for personal computers.
Fiscal third-quarter sales fell 10% to $22.3 billion, the company said Thursday in a statement. Analysts, on average, estimated $23 billion. The client solutions group, which includes corporate and consumer PC sales, dropped 11%, far short of analysts’ expectations.