Dell beats estimates

Dell beat analyst expectations for the third quarter, with optimistic earnings forecasts swiftly following as the coronavirus continues to increase demand for home learning and working.

Dell’s revenues increased three per cent to $23.5 billion, with operating income rising 35 percent to $1.1 billion.

Jeff Clarke, vice chairman and COO at Dell Technologies said “We met unprecedented demand for remote work and learn solutions this quarter while increasing revenue to $23.5 billion. At the same time, we accelerated our ‘as a service’ strategy and hybrid cloud capabilities at the edge – positioning us to win in these growing markets and making it easy for customers to manage data and workloads across all their operations.”

Dell is expecting this trend to continue, particularly as the coronavirus is still forcing employees to work remotely. Even beyond the outbreak, many businesses are looking at hybrid working models with a mix of in-office and home working.