Dell Technologies’ operating profit grew by more than a third over the year

Dell Technologies’ operating profit grew by more than a third over the year

Dell Technologies, one of the three largest PC manufacturers, has published its next quarterly report. It recently completed its third quarter of fiscal 2021.

During the reporting period, $ 23.5 billion in revenue was generated. This is 3% more in annual terms. At the same time, operating profit increased by 35% and reached $ 1.1 billion. The quarter ended in net income of $ 881 million. This is 60% more than a year ago.

A non-GAAP calculation is changing the picture, and for the better. Operating income turns out to be equal to $ 2.7 billion, which is 12% more in annual terms, and net income reaches $ 1.7 billion, which is 18% higher in annual terms.

One of the drivers of the financial growth was the success of the Client Solutions Group, which accounts for more than half of the revenue. In particular, there was an increase in sales of notebooks of the Latitude and Precision families, as well as strong demand for Chromebooks (growth in their sales is expressed in three-digit numbers). The report also acknowledges the success of the XPS and Alienware brands in the gaming sector.

Dell Technologies’ operating profit grew by more than a third over the year

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