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Dell beats revenue estimates in first report as public company

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Revenue in its Infrastructure Solutions Group, which houses its servers and network device business, rose 10% to $9.9 billion.

BENGALURU - Dell Technologies Inc topped Street estimates for quarterly revenue on Thursday in the computer maker’s first earnings report since a return to public markets and also forecast annual revenue above estimates, lifted by demand for its servers and network devices.

Excluding some items, Dell expects full-year 2020 revenue between $93 billion and $96 billion, mostly above analysts’ estimate of $94.11 billion, according to IBES data from Refinitiv. Excluding impact of purchase accounting of $167 million, the company posted total revenue of $24 billion, above estimates of $23.83 billion.

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