Dell exceeded telecoms revenue estimates

>Dell Technologies Inc. exceeded therevenues that he estimated, from the shift of the market to computers due to telecommuting.

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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 simultaneously faced a shortage of parts and supply chain problems , Dell's hardware revenue rose 27% to $14,3 billion, a record number for its data.

Cloud-computing grew by 8%, thanks to companies trying to cut 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.

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Written by Anastasis Vasileiadis

Translations are like women. When they are beautiful they are not faithful and when they are faithful they are not beautiful.

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