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Dell Sales Top Estimates in Positive Signal for PC Market

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Dell Technologies Inc. reported better-than-expected sales of personal computers and data center hardware, fueling hopes of a recovery in the market for corporate technology. The company also said demand for products that help businesses use artificial intelligence are a “long-term tailwind.”

Fiscal second-quarter revenue dropped 13% to $22.9 billion, the company said Thursday in a statement. That exceeded the $20.8 billion average projection of analysts surveyed by Bloomberg. Profit, excluding some items, was $1.74 a share, beating the average estimate of $1.14.

Revenue in the computer division declined 16% to $12.9 billion from a year earlier, but the figure topped estimates, and the unit produced a better-than-expected sales performance with consumers and businesses. Dell’s infrastructure business unit reported $8.5 billion in sales in the period, which ended Aug. 4, compared with the average estimate of $7.3 billion. Servers and networking revenue declined 3% to $4.27 billion, topping analysts’ predictions.

 

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