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MarketScreener Homepage  >  Equities  >  Nyse  >  Dell Technologies Inc.    DELL

DELL TECHNOLOGIES INC.

(DELL)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 01/15 10:57:40 am
73.645 USD   +0.54%
01/13Intel Ousts Chief Executive Bob Swan -- 5th Update
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01/13Intel Ousts Chief Executive Bob Swan -- 4th Update
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01/13Intel Ousts Chief Executive Bob Swan -- 3rd Update
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Dell posts surprise revenue rise on booming demand for remote-work tools

11/24/2020 | 04:26pm EST

Nov 24 (Reuters) - Dell Technologies Inc reported a surprise rise in third-quarter revenue on Tuesday, driven by buoyant demand for its desktops and notebooks from remote workers and learners during the COVID-19 pandemic.

The company said revenue from its client solutions group, which includes desktop PCs, notebooks and tablets, was a record $12.29 billion, up about 8% from a year earlier.

"We met unprecedented demand for remote work and learn solutions this quarter," Chief Operating Officer Jeff Clarke said in a statement.

While the health crisis lifted demand for its remote workstation products, the company's data center business remained under pressure.

Revenue from its data center business fell about 4% to $8.02 billion in the quarter.

Sales at VMware Inc rose about 8% to $2.89 billion. Dell plans to spin off its 81% stake in the software unit to help reduce debt.

Total revenue rose nearly 3% to $23.48 billion in the three months ended Oct. 30, while analysts had estimated a drop of 4.4% to $21.85 billion, according to IBES data from Refinitiv.

Net income attributable to the company rose to $832 million, from $499 million a year earlier. (Reporting by Ayanti Bera in Bengaluru; Editing by Sriraj Kalluvila)


© Reuters 2020
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Financials (USD)
Sales 2021 92 621 M - -
Net income 2021 2 391 M - -
Net Debt 2021 35 703 M - -
P/E ratio 2021 21,9x
Yield 2021 -
Capitalization 54 923 M 54 923 M -
EV / Sales 2021 0,98x
EV / Sales 2022 0,89x
Nbr of Employees 165 000
Free-Float 33,9%
Chart DELL TECHNOLOGIES INC.
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Dell Technologies Inc. Technical Analysis Chart | DELL | US24703L2025 | MarketScreener
Technical analysis trends DELL TECHNOLOGIES INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 78,79 $
Last Close Price 73,25 $
Spread / Highest target 29,7%
Spread / Average Target 7,56%
Spread / Lowest Target -11,3%
EPS Revisions
Managers and Directors
NameTitle
Michael Saul Dell Chairman & Chief Executive Officer
Jeffrey W. Clarke Chief Operating Officer & Vice Chairman
Thomas W. Sweet Chief Financial Officer & Executive Vice President
Howard D. Elias President-Dell Services, Digital & IT
Egon Pierre Durban Director
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