>Dell Technologies Inc. exceeded the revenue estimates he was expecting, from the market shift to computers due to teleworking.
People all over the world have increased demand for laptops and desktops due to coronavirus and teleworking. The increased demand did not stop even after a year of working from home.
International Data Corp. data showed that PC shipments grew by 13% from April to June, but growth was much slower than last year.
While the industry faced both component shortages and supply chain problems, Dell's hardware revenue rose 27% to $ 14,3 billion, a record for its data.
Cloud computing has grown by 8%, thanks to orders from companies trying to reduce costs and expand their digital presence.
Total revenue rose 15 percent to $ 26,12 billion, beating analysts' average estimate of $ 25,53 billion, according to Refinitiv.
The resumption of the economy has redirected some consumer spending from computers to other sectors. But the recent increase in COVID-19 cases and the Delta mutation has caused new social constraints and could potentially increase demand for equipment due to distance work.