Dell is doing better than expected in the coronavirus pandemic thanks to high demand for PCs, notebooks and tablets, the personal computer manufacturer said Tuesday.
“We met unprecedented demand for remote work and learn solutions this quarter,” Dell chief executive officer Jeff Clarke said when third-quarter figures were presented after the US market closed.
Third quarter total revenue was up 3 per cent to 23.5 billion dollars while operating income rose year-on-year by 35 per cent to 1.1 billion dollars.
Above all, the PC division recorded significant growth, with revenues in private customer business rising by 14 per cent and sales to business customers up 5 per cent. Trade in servers and network devices was down meanwhile.
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Tuesday’s figures exceeded forecasts, which initially caused Dell shares to rise in after-hours trading.
Since the beginning of the year, Dell’s share price has increased by 37 per cent.
Source: GNA
