{"id":7759,"date":"2020-08-28T06:51:17","date_gmt":"2020-08-28T06:51:17","guid":{"rendered":"https:\/\/aviancetechnologies.com\/blog\/dells-quarterly-results-beat-estimates-on-remote-work-boost\/"},"modified":"2020-08-28T06:51:17","modified_gmt":"2020-08-28T06:51:17","slug":"dells-quarterly-results-beat-estimates-on-remote-work-boost","status":"publish","type":"post","link":"https:\/\/aviancetechnologies.com\/blog\/dells-quarterly-results-beat-estimates-on-remote-work-boost\/","title":{"rendered":"Dell’s Quarterly Results Beat Estimates on Remote Work Boost"},"content":{"rendered":"

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\n[responsivevoice_button rate=”1\u2033 pitch=”1.2\u2033 volume=”0.8\u2033 voice=”US English Female” buttontext=”Story in Audio”]<\/p>\n

Dell’s Quarterly Results Beat Estimates on Remote Work Boost<\/h2>\n

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Dell on Thursday posted a smaller-than-expected drop in quarterly revenue and beat profit estimates on robust demand for its notebooks and software products for remote work and online learning.<\/p>\n

Shares of the company were up two percent\u00a0in trading after the bell.<\/p>\n

The COVID-19 pandemic has led to a rapid shift to cloud, spurring demand for products that allow organizations to carry on, even as millions of people around the globe work from home to stay safe, and schools to hold virtual classes.<\/p>\n

Orders for Dell from the education sector jumped 24 percent in the second quarter ended July 31, and government orders rose 16 percent.<\/p>\n

The company also saw an uptick in demand for its gaming systems, including Alienware as more people turned to gaming during stay-at-home orders.<\/p>\n

Revenue from the company’s biggest segment that includes desktop PCs, notebooks and tablets fell 4.6 percent\u00a0to $11.20 billion (roughly Rs. 82,146 crores), and data center sales dropped 4.8 percent to $8.21 billion (roughly Rs. 60,206 crores)\u00a0as companies directed their spending towards remote work, Dell said.<\/p>\n

Its software unit VMware, which has directly benefited from the shift to cloud, posted a 9.7 percent\u00a0rise in revenue to $2.91 billion (roughly Rs. 21,357 crores). Dell said in July it was planning to spin off its 81 percent\u00a0stake in the unit.<\/p>\n

The company’s total revenue slid 2.7 percent\u00a0to $22.73 billion (roughly Rs. 166,826 crores) from a year earlier, but edged past analysts’ average estimate of $22.52 billion (roughly Rs. 165,285 crores), according to IBES data from Refinitiv.<\/p>\n

Excluding items, Dell earned $1.92 (roughly Rs. 140)\u00a0per share, beating estimates of $1.40 (roughly Rs. 103) per share.<\/p>\n

Net income fell to about $1.10 billion (roughly Rs. 8,066 crores), or $1.37 (roughly Rs. 100)\u00a0per share, from $4.23 billion (roughly Rs. 31,017 crores), or $4.47 (roughly Rs. 327) per share.<\/p>\n

\u00a9 Thomson Reuters 2020<\/em><\/p>\n\n

Which are the best truly wireless earphones under Rs. 10,000? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts<\/a>, Google Podcasts<\/a>, or RSS<\/a>, download the episode<\/a>, or just hit the play button below.<\/em>

\n

Disclaimer: Content may be edited for style and length.\u00a0Story Source<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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