Dell Technologies records strong third-quarter growth
Dell Technologies revealed that its revenue rose 15% in its third-quarter to US$22.5bn.
During the quarter, the company noted that its Infrastructure Solutions Group generated US$8.9bn, a 19% increase on the previous quarter.
Elsewhere, its servers and networking business delivered its sixth consecutive quarter of double-digit revenue growth.
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“The digital transformation of our world is underway, and we are in the early stages of a massive, technology-led investment cycle," noted Michael Dell, chairman and CEO, Dell Technologies.
"Dell Technologies was created to meet this opportunity head on for our customers and our investors. You can see the proof in our strong growth, in our powerful innovation and in the depth of our customer relationships.”
Dell Technologies also said that its Client Solutions Group recorded US$10.9bn in third-quarter revenue.
The firm noted that it also “outperformed the PC industry for total worldwide units, delivering above-market growth in desktops, notebooks and in total commercial units.”
On top of this, it also said that its subsidiary VMware achieved revenue of $2.2bn, up 15%.
Third quarter revenue from its other businesses, such as Pivotal, Secureworks, RSA Security, Virtustream and Boomi, was US$583 million, up 5% on the previous quarter.
“Data is becoming the most valuable and differentiating asset for many organizations as it opens up new revenue streams and unearths opportunities for improvement in almost every part of an organization,” said Jeff Clarke, vice chairman, Products & Operations, Dell Technologies.
“This presents a tremendous opportunity for Dell Technologies given all of this data needs to be stored, protected, managed and analyzed, and we believe this is evidenced through the strong momentum we’ve seen in our business."