Driven by demand for desktop and notebook computers as the coronavirus pandemic forces more people to work from home, Dell Technologies saw its revenue and profit soar past Wall Street’s expectations in its fiscal third quarter, the company said Tuesday
Revenue for the quarter ended Oct. 30 was $23.5 billion, a 3% year over year increase, the company reported, beating analysts’ expectations of $21.9 billion.
The Round Rock-based technology giant has net income of $17 billion, or $1.08 per share. Dell said its adjusted earnings were $2.03 per share, well above Wall Street analysts’ forecasts for $1.42 per share.
Dell Technologies shares closed Tuesday up 1.3% at $70.33, and edged up less than 1% in after-hours trading following