>Dell Technologies Inc. beat its revenue estimates, from the market's shift to PCs because of it teleworkings.
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.
Figures from International Data Corp showed that shipments computers were up 13% from April to June, but the pace of 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.