Dell Technologies reported a 21% rise in Q3 revenues to $28.4bn and a 341% rise in net income to $3.9bn. The PC maker saw continued growth in high-value segments, including commercial PCs, high-end consumer and gaming. It achieved its highest YoY PC share gain with shipments up 26.6% and global PC share up 3 points to 17.4%. Revenue from the Infrastructure Solutions Group, which includes most of Dell’s technology services rose 5% to $8.4bn, Server and Networking Sales rose 9% to $4.5bn and Storage Hardware revenue was up 1% to $3.9bn. Its VMware revenue was up 10% YoY to $3.2bn. We continue to deliver strong results, with more than $13 billion in cash flow from operations on a trailing-twelve-month basis,” said Tom Sweet, CFO at Dell.
Dell’s bonds were flat with its 4.9% 2026s at 116.93, yielding 1.9%.
For the full story, click here
