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Dell Technologies Q3 profit $3.89 billion

Christian Fernsby |
Dell Technologies third quarter profit rose to $3.89 billion or $4.87 per share from $881 million or $1.08 per share last year.

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Adjusted earnings were $2.02 billion or $2.37 per share for the period, up from $1.71 billion or $2.03 per share last year.

Revenue for the quarter grew 21% to $28.39 billion from $23.48 billion last year. Analysts had a consensus revenue estimate of $26.82 billion.

Client Solutions Group revenues grew to 35% to a record $16.5 billion, with commercial revenue up 40% and consumer revenue up 21%.

The company said the segment's growth reflects continued increase in high value segments, including commercial PCs, high end consumer and gaming. The company also achieved its highest year over year PC share gain in history for calendar third quarter, with shipments up 26.6% and global PC share up 3.0 points to 17.4%.

Infrastructure Solutions Group revenue rose 5% to $8.4 billion, as servers and networking revenue was up 9% and storage revenue inched up 1%.

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