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Dell Q1 Profit, Revenues Beat Street View On Strong Demand For WFH Products


Dell Q1 Profit, Revenues Beat Street View On Strong Demand For WFH Products
ROUND ROCK (dpa-AFX) - Dell Technologies (DELL) Thursday reported a surge in profit for the first quarter as revenues jumped 12%, driven largely by continued strong demand for Work From Home products like desktops and notebooks. Both earnings and revenues for the quarter trounced Wall Street analysts estimates.
Round Rock, Texas-based Dell s first-quarter profit surged to $938 million or $1.13 per share, up from $182 million or $0.19 per share last year.
Adjusted earnings were $1.82 billion or $2.13 per share for the period, up from $1.14 billion or $1.34 per share last year. Analysts polled by Thomson Reuters estimated earnings of $1.61 per share. Analysts estimates typically exclude special items. ....

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