Dell posts 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