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Dell posts slowest revenue growth in last six quarters

By Shubhangi Mathur - Aug 25, 2022, 06:09 PM ET

Last Updated - Jun 25, 2024, 12:31 AM EDT

Dell Technologies Inc (NYSE: DELL) on Thursday reported its slowest revenue growth in last six quarters

Dell Technologies Inc (NYSE: DELL) on Thursday reported its slowest revenue growth in last six quarters.

The company blamed strong dollar and Covid-19 surge in China, a key market for Dell. Shares of the company fell more than 7% in extended trading.

In the quarter, revenue of the company rose 9% to $26.43 billion and was roughly in line with market expectations, according to Refinitiv data. Net income from continuing operations fell to $506 million, from $629 million a year ago.

Picture Credits: Reuters

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