>Dell Technologies Inc. exceeded thepricerevenues that he estimated, from the shift of the market to computers due to telecommuting.
People around the world have seen an increase in demand for laptops and desktops due to coronavirus and teleworking. The increased demand did not stop even after a year of work 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 reopening of the economy has redirected some consumer spending from computers to other sectors. But the recent increase in cases of COVID-19 and the Delta mutation has caused new social restrictions and could potentially increase demand for latest technology equipment, due to remote work.
