Dell reports improved sales growth triggered by strong PC demand
• Sales rose 16% to $26.1 billion in the quarter ended April 29
Strong demand for business PCs and networking services uplifted the sales of computer hardware giant Dell Technologies (NYSE: DELL), beating analyst estimates for its fiscal first quarter. Dell stock jumped in extended trading, popping 5.3% to $46.26.
Sales rose 16% to $26.1 billion in the quarter ended April 29, as compared to analyst estimates of $25 billion. Profit, excluding some items, rose to $1.84 per share as compared to the estimated $1.39 per share.
"Our first quarter — with record Q1 revenue, operating income, and diluted EPS — demonstrates the benefits of having a strong, geographically and sector-diverse business covering the edge to the core data center to the cloud," Chuck Whitten, co-chief operating officer, said in a press release.
Breaking the sales
Dell's personal computer sales increased 17% to $15.6 billion. Commercial PC sales jumped 22% to $12 billion in the first quarter while consumer PC sales inched up 3% to $3.6 billion.
Dell's infrastructure solutions sales rose 16% to $9.3 billion, led by gains in servers and networking. Server and networking sales climbed 22% to $5 billion, while storage revenue gained 9% to $4.2 billion.
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Source: Dell
