Dell announces record revenue of $24.5 billion in the first quarter quý

Dell Technologies just posted a record $24.5 billion in revenue for its first fiscal quarter, driven by strong growth in its personal devices business for work and distance education globally.
Dell Technologies is known as a technology giant that provides infrastructure, PC and other solutions to customers.

Dell posted record revenue of $24.5 billion in the first quarter. Photo: Dell According to the latest report, the company achieved sales of $24.5 billion, up 12% year-on-year. This figure is higher than the forecast of financial analysts of 23.4 billion USD. Product revenue was $18 billion, up 12%, service revenue was $6.5 billion, up 10%. In that, non-GAAP earnings of $2.13 per share, higher than the prediction of $1.61. On that basis, Dell earned $1.13 per share, operating income of $1.4 billion, up 96%. Gross margin was unchanged from a year ago, at 31%. Dell said cash flow from operations over the past 12 months hit a record $14.4 billion. In revenue from its businesses, Dell recorded a 20% increase in the PC business of $13.3 billion, while orders for Alienware gaming laptops increased by 76%. Group operating income was $1.1 billion, up 84%, consumer revenue grew 42%, commercial customer revenue grew 14%. Infrastructure Solutions had $7.9 billion in revenue, up 5%. Server and network revenue was $4.1 billion, up 9%, while storage revenue was $3.8 billion. The VMware business brought in total revenue of $2.99 ​​billion, up 9% year over year. Dell and VMware will continue their strategic relationship as Dell transferred 81% of shares to Dell Technologies shareholders last month in the fourth quarter of 2021. Jeff Clarke, CEO of Dell, said there has been a significant acceleration in digital transformation globally, and it shows in Dell’s business numbers. Technology has become increasingly central to the global economy and society. Dell sees opportunities ahead and for the future using the data Dell is creating. However, the Covid-19 pandemic is a problem that affects the global supply chain of Dell and other technology companies, causing difficulties for the information technology industry today. Shortages of semiconductors, supply for displays, memory, and graphics chips are also the reasons why orders like PCs are affected this year and into the next.