Dell predicts that sales in the current quarter will exceed market expectations. This is a shift to remote work caused by the pandemic, and learning to drive the demand for desktops and laptops has helped Dell announce its amazing revenue growth in the third quarter.
The company said on Tuesday’s earnings conference call with analysts that it expects fourth-quarter revenue to increase by 3% to 4% from the previous quarter, which means a range of US$24.18 billion (approximately Rs 1,78,800 crore) to US$24.42 billion. (Approximately Rs.). 180 billion rupees), and analysts’ average expectation is 23.09 billion US dollars (about 1,780,800 crore).
The PC maker’s stock rose slightly in after-hours volatility, and its adjusted earnings were comparable to Wall Street’s forecast of $2.03 per share (approximately 150 rupees).
According to the earnings report, consumer and corporate spending on laptops has grown at a rate that Dell has not seen in a decade, helping its customer solutions division to achieve a record revenue of 12.29 billion US dollars (approximately Rs 90,900 crore). An increase of 8%. Since a year ago.
According to IDC data, global shipments in the traditional PC market including desktops, notebooks and workstations increased by 14.6% year-on-year in the third quarter of 2020 to 81.3 million units.
Although the health crisis has intensified the demand for Dell’s remote workstation products, the company’s data center business is still under pressure, and the division’s revenue fell by about 4% to US$8.02 billion (approximately 593 billion rupees).
VMware’s sales increased by 8% to 2.89 billion US dollars (approximately 21,400 crore). Dell plans to spin off its 81% stake in the software division to help reduce debt.
In the three months ended October 30, total revenue increased by almost 3% to US$23.48 billion (approximately Rs 1,73,650 crore), while analysts estimate that this figure fell by 4.4% to US$21.85 billion. (About Rs 1,61,600 crore). IBES data for Refinitiv.
The net income attributable to the company increased from 499 million US dollars (about 37 billion rupees) a year ago to 832 million US dollars (about 61.5 billion rupees).
© Thomson Reuters 2020
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