beats

Dell beats revenue estimates as remote working lifts workstation demand

(Reuters) – Dell Technologies Inc beat analysts’ estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving more employees to work from home due to the coronavirus crisis.

FILE PHOTO: The logo for Dell Technologies Inc. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. REUTERS/Brendan McDermid

Revenue from client solutions group, that accounts for half of the revenue and includes desktop PCs, notebooks and tablets, rose 2% to $11.1 billion in its fiscal first quarter.

Commercial notebooks reported double-digit unit and revenue growth, while mobile workstations posted high-single-digit revenue growth, the company said.

“In Q1, we saw orders with banking and financial services, government, healthcare and life sciences customers up 15% to 20%,” Chief Operating Officer Jeff Clarke said in a statement.

But higher spending by companies towards enabling remote work,

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Pinduoduo beats revenue estimates as online shopping demand soars

(Reuters) – China’s Pinduoduo Inc beat first-quarter revenue estimates on Friday as more people shopped on its e-commerce platform during coronavirus lockdowns that have shut most brick-and-mortar outlets.

FILE PHOTO: A display at the Nasdaq Market Site shows a message after Chinese online group discounter Pinduoduo Inc. (PDD) was listed on the Nasdaq exchange in Times Square in New York City, New York, U.S., July 26, 2018. REUTERS/Mike Segar

Stay-at-home orders have boosted demand for online shopping as people stock up on groceries and food items from home and sellers too turn to online platforms to run down inventories.

The growth rate of active buyers in the 12 months ended March remained robust, reaching 628 million, representing an increase of 42% year on year. It took PDD only five years to raise the number above 600 million, further narrowing the gap with competitor Alibaba Group that reported on Friday that

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Pinduoduo beats revenue estimates as demand for online shopping soars

FILE PHOTO: A display at the Nasdaq Market Site shows a message after Chinese online group discounter Pinduoduo Inc. (PDD) was listed on the Nasdaq exchange in Times Square in New York City, New York, U.S., July 26, 2018. REUTERS/Mike Segar

(Reuters) – China’s Pinduoduo Inc beat first-quarter revenue estimates on Friday, as more people shopped at its e-commerce platform during coronavirus lockdowns that shut down most brick-and-mortar shops.

Stay-at-home orders have boosted demand for online shopping as people stock up on groceries and food items from the comfort of their homes and sellers too turn to online platforms to run down their inventories with brick and mortar shops largely shut.

Net loss widened to 4.12 billion yuan in the quarter ended March 31, from 1.88 billion yuan, a year earlier.

The e-commerce company known for its deep discounts, said revenue rose 44% to 6.54 billion yuan ($916.63 million), beating

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Lenovo profit beats estimates, sees growth as more people work from home

FILE PHOTO: An employee gestures next to a Lenovo logo at Lenovo Tech World in Beijing, China November 15, 2019. REUTERS/Jason Lee

HONG KONG (Reuters) – Lenovo Group, the world’s biggest maker of personal computers, reported a deep slump in fourth-quarter profit due to disruptions caused by the coronavirus crisis, although the result was far better than expectations.

Lenovo Chairman Yang Yuanqing told Reuters production was back on track and he expects to see year-on-year revenue growth this quarter for its PC and smart devices business and its data centre business as more people work from home permanently.

He told a separate briefing the company estimates that in two to three years the total addressable market for PCs industry-wide may have increased by 25% to 30%.

Net profit tumbled 64% in January-March to $43 million but was ahead of a Refinitiv consensus estimate of $7.5 million. Revenue slid 9.7% to

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