Dell Technologies posts record $28.4 bn sales in Q3

by IANS |

San Francisco, Nov 24 (IANS) Dell Technologies has announced a record third quarter (Q3) results, generating revenue of $28.4 billion (up 21 per cent) with a net income of $3.9 billion, driven by growth across commercial PCs, servers and storage verticals.

The company achieved highest year-over-year PC share gain for its third quarter, with shipments up 26.6 per cent and global PC share up to 17.4 per cent.

VMware revenue was $3.2 billion for the third quarter, up 10 per cent driven by broad-based strength across a diverse product portfolio, the company said late on Tuesday.

Earlier this month, Dell completed the planned spin-off of VMware via tax-free distribution of shares to Dell investors.

"We continue to deliver strong results, with more than $13 billion in cash flow from operations on a trailing-twelve-month basis," said Tom Sweet, chief financial officer, Dell Technologies.

"The digital trends are tailwinds for our business, and along with our strategy and financial flexibility, lead us to be optimistic about our long-term growth prospects," Sweet added.

Dell's client solutions group revenue was $16.5 billion in the third quarter, up 35 per cent from a year ago.

In a conference call with analysts, Jeffrey Clarke, vice chairman of Dell Technologies, said that in client vertical, "we are pairing Windows 11 with our Dell Optimiser built-in intelligence to deliver the most personalised productive computing experience on the world's most intelligent business PCs. We believe the introduction of Windows 11 will continue to drive demand in PCs".

Latest News
Cambodia allows entertainment venues in capital to reopen Tue, Nov 30, 2021, 03:02 PM
Blast rocks Afghan capital Kabul, no casualties confirmed Tue, Nov 30, 2021, 03:00 PM
After announcing amnesty, Taliban hunt down Afghan security forces Tue, Nov 30, 2021, 02:57 PM
MHA asks states/UTs for rigorous screening of int'l passengers Tue, Nov 30, 2021, 02:55 PM
Blood groups A, B and Rh+ are more prone to Covid: Study Tue, Nov 30, 2021, 02:37 PM
Australian researchers shed light on Sun's role as water source Tue, Nov 30, 2021, 02:36 PM
No case of Omicron variant detected in India so far: Mandaviya Tue, Nov 30, 2021, 02:34 PM
Australian researchers shed light on Sun's role as water source Tue, Nov 30, 2021, 02:32 PM
Mayawati promises to 'take care' of all castes if voted to power Tue, Nov 30, 2021, 02:29 PM
Astronomers discover more than 300 possible new exoplanets Tue, Nov 30, 2021, 02:28 PM
Pakistan crush Bangladesh by eight wickets; take 1-0 lead in Test series Tue, Nov 30, 2021, 02:27 PM
Strict guidelines virtually rule Perth out for fifth Ashes Test Tue, Nov 30, 2021, 02:25 PM
DiagRight focuses on last mile connectivity in diagnostic process to reduce scope of errors Tue, Nov 30, 2021, 02:23 PM
Delhi HC nixes fresh plea seeking ban on Salman Khurshid's book Tue, Nov 30, 2021, 02:22 PM
Galaxy S22, S22+ camera specs revealed ahead of launch Tue, Nov 30, 2021, 02:21 PM