Dell Technologies posted a sharp increase in operating income in its third fiscal quarter. High demand for server and networking equipment compensated for lower PC sales.
The organization noted an impressive operating income of €1.75 billion ($1.8 billion) in its most recent quarterly report, 68 percent up from the same period last year. Total quarterly revenue came in at €24 billion ($24.7 billion), a year-over-year increase of 6 percent.
Server sales up
Dell attributed the increase to a rise in infrastructure demand. Sales of network equipment jumped 12 percent, servers rose 14 percent and storage solutions increased 11 percent. Furthermore, Dell indicated that supply chain issues are slowly abating.
PC sales down
Like other vendors, the organization took blows in the desktop and laptop segment. Consumer PC sales dropped 29 percent in the past quarter. Business sales fell 13 percent. With nearly €75 billion ($77 billion) in sales over the first nine months of fiscal 2022, Dell remains optimistic about its final yearly results.
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