Dell Technologies Inc surpassed market expectations for second-quarter revenue on Thursday, owing to robust demand for its laptops, desktops, and cloud services due to the transition to hybrid work. While the industry has been hit by component shortages and supply chain issues, sales at Dell’s client solutions segment – which houses its hardware devices – increased by 27% to $14.3 billion, a new high.
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The reopening of the economy has redirected some consumer spending away from computers to other sectors. But a recent rise in COVID-19 cases has prompted renewed curbs and could potentially boost the demand for remote-working equipment. Total revenue jumped 15% to $26.12 billion, beating the analysts’ average estimate of $25.53 billion, according to Refinitiv data. Best Task Apps for Google Play and iOS App Stores in 2021. Check all news and articles from the latest Security news updates.
People globally continue to spend on computer devices even after a year of working from home. Figures from International Data Corp showed shipments of PCs rose 13% from April to June, but the pace of growth was much slower than last year’s frenzy. Its cloud-computing unit, VMware, grew 8%, thanks to orders from companies looking to cut costs and expand their digital presence.
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