The company delivered the best third quarter in its history with revenue of $28.4 billion, up 21% from a year ago, with earnings of $3.9 billion, or $4.87 a share. Non-GAAP earnings were $2.37 a share. Analysts were expecting Dell to report third quarter revenue of $26.82 billion with non-GAAP earnings of $2.18 a share. Dell’s client solutions group revenue was $16.5 billion in the third quarter, up 35% from a year ago. Operating income for the third quarter was $1.1 billion. Commercial revenue was $12.3 billion, up 40% from a year ago. Consumer revenue was $4.3 billion, up 21%. The company said it saw strong PC demand for commercial systems, high-end consumer units and gaming. HP also delivered strong quarterly results.
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On a conference call with analysts, Jeffrey Clarke, vice chairman of Dell Technologies, said: On the infrastructure side, Dell delivered third quarter revenue of $8.4 billion, up 5% from a year ago. Storage revenue was up 1% with server and networking sales of $4.5 billion, up 9% from a year ago. Chuck Whitten, co-COO for Dell Technologies, said: Recent Dell headlines:
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