(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,