Nov 23 (Reuters) - Laptop maker Dell Technologies Inc (DELL.N) on Tuesday forecast current-quarter revenue above estimates, highlighting strong demand for its personal computers and servers from companies moving toward a hybrid work model. The company said it was expecting fourth-quarter revenue from continuing operations in the range of $27 billion to $28 billion, above analyst estimates of $26.23 billion, according to Refinitv IBES. Revenue at Dell"s client solutions business, home to its hardware devices, rose 35% in the quarter on booming demand from companies upgrading their computer systems to meet work-from-home challenges. Dell benefits from having a diverse portfolio of software and hardware revenue streams, and it is now trying to tap into high-growth markets, such as edge computing, cloud and telecoms, that have gained traction since the pandemic began.Revenue from its infrastructure solutions group, which includes the data center business, was up 5% at $8.4 billion in the quarter. Total revenue jumped 21% to $28.39 billion, compared with analysts" average estimate of $26.82 billion, according to Refinitiv data. The company"s net income surged more than four-fold to $3.89 billion, or $4.87 per share, in the third quarter ended Oct. 29, from $881 million, or $1.08 per share, a year earlier. Meanwhile, rival PC-maker HP Inc (HPQ.N) also reported a quarterly profit that more than quadrupled to $3.09 billion, and said its personal systems unit posted a 13% rise in revenue. Dell"s freshly spun off cloud computing unit, VMware, posted a 10% rise in revenue during the quarter. VMWare completed its spinoff from Dell, which owned 81% of the software firm, to become a separate publicly traded company on Nov. 1. read more Reporting by Eva Mathews and Nilanjana Basu in Bengaluru; Editing by Amy Caren Daniel an
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