FILE PICTURE: the Dell logo is seen in this illustration photo taken in Sarajevo, Bosnia and Herzegovina, 12 October 2015. REUTERS/dado Ruvic
(Reuters) – Dell Technologies Inc reported on Thursday a 9 percent rise in quarterly revenue in its first earnings report since returning to the public markets, lifted by demand for servers and networking equipment.
The company back to the public markets, on Dec. 28 after back bought interest rate is linked to the performance of software maker VMware, and the shares have risen by more than 22 percent.
For the fourth quarter ended Feb. 1, net loss attributable to Dell jumped nearly three-fold to $299 million. The operating expenses increased 13.7 percent to $6.78 billion.
Sales in the Infrastructure Solutions Group, which houses the servers and network equipment, rose 10 percent to $9.9 billion.
Client Solutions Group segment revenues increased by 4 percent to $10.9 billion. The unit keeps the desktop pcs, notebooks and tablets, but also as a peripherals business.
HP Inc, on Wednesday reported quarterly revenue that fell short of estimates, due to weak demand in the printer, as in the personal systems of companies.
The total turnover rose to $23.84 billion from $21.96 billion.
Separately, VMware Inc beat fourth quarter estimates of the income of the strong demand for software to boost cloud computing-efficiency.
Reporting by Vibhuti Sharma in Bengaluru; Editing by Sriraj Kalluvila