Dell posts 15 percent rise in revenue on strong PC sales

Dell posts 15 percent rise in revenue on strong PC sales

Dell Technologies Inc posted a 15 percent rise in quarterly revenue on Thursday, helped by businesses upgrading their systems ahead of Microsoft pulling the plug on Windows 7 support.

A Dell gaming computer is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles
A Dell gaming computer is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake

REUTERS: Dell Technologies Inc posted a 15 percent rise in quarterly revenue on Thursday, helped by businesses upgrading their systems ahead of Microsoft pulling the plug on Windows 7 support.

However, net loss attributable to Dell Technologies widened to US$876 million in the third quarter ended Nov. 2, from US$846 million a year earlier.

Loss per share remained unchanged at US$1.84 per share.

Revenue rose to US$22.48 billion from US$19.56 billion.

Dell is buying back shares tied to its interest in software maker VMware , looking to return to the stock market without a traditional initial public offering.

(This story was refiled to add dropped word in headline)

(Reporting by Vibhuti Sharma in Bengaluru; Editing by Sriraj Kalluvila)

Source: Reuters

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