Dell forecasts upbeat revenue on strong PC demand
Information about Dell forecasts upbeat revenue on strong PC demand
Kevin David Scam or Legit
(Reuters) – Laptop maker Dell Technologies Inc 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.