On Thursday, Dell Technologies Inc (DELL.N) surpassed sales projections for the ninth consecutive quarter after businesses poured money into its PCs and laptops to accommodate hybrid work.
After the bell, the PC maker’s stock soared 7% as it reported a 62 percent increase in quarterly profit and stated revenue growth was fueled by sustained strength in commercial PCs.
Dell’s revenues rose 16% to $26.12 billion in the first quarter, compared with analysts average estimate of $25.04 billion, according to Refinitiv data.
Net income from continuing operations rose to $1.07 billion from $659 million a year earlier, beating estimates by a wide margin.
Earlier in the day, chip firm Broadcom said it would buy cloud computing firm VMware in a $61 billion cash-and-stock deal.
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