Dell Technologies reported revenue that beat analysts’ estimates after sales of computers to businesses didn’t fall as sharply as anticipated amid the slumping PC market.
The results reflect a continued struggle to sell personal computers, particularly to consumers. The market saw historic declines in shipments from October through March after a surge in purchases during the pandemic, analyst Gartner Inc. reported in April. Dell competitor HP reported worse-than-expected sales earlier this week, although it projected a rebound for PCs in the second half of the year. – Bloomberg