Dell Technologies scored record sales in the past fiscal year. The growth is driven by companies’ increasing demand for PCs, laptops and digital transformation.
The tech giant booked record sales of over 90 billion euros ($101.2 billion) — a 17 percent increase from the year before. Profit came in at 4.2 billion euros, totalling a rise of 26 percent.
Strong PC and laptop sales
According to the tech giant, the growth is due to strong PC and laptop sales. Demand for PCs and laptops rose due to the ongoing pandemic. In contrast, the tech giant indicates that this market segment could pose problems for the near future due to increasing chip shortages.
Business infrastructure was lucrative as well. Storage, server and network revenue rose, driven by increasing digital transitions and (multi) cloud adoptions. Furthermore, the tech giant managed to secure a nice sum by spinning off VMware.
Share price fell
Regardless of the positive figures. Dell’s sharehldes did not react favourably. The share price fell by 7 percent, pushed by dissapointing figures in the current fiscal year and reported supply chain problems affecting PCs and laptops.