Dell said it had a record-breaking quarter between July and September this year, as “strong” demand for commercial PC systems and workstations, high-end consumer devices, and gaming machines, saw it report $28.4 billion in Q3 2021 revenue, up 21% compared to the same period last year, as total earnings reached $3.9 billion.
Revenue for the company’s client solutions group touched $16.5 billion for Q3 this year, up by more than a third (35%) compared to last year. Discussing the results, vice chairman of Dell Technologies, Jeffrey Clarke, said Windows 11 was a solid growth catalyst, and that the company expects it to further drive demand for new PCs.
HP beats expectations too
HP has had similarly good results, reporting in its Q4 2021 $16.7 billion in revenue, up 9.3% compared to last year, and more than the analysts’ forecasts of $15.4 billion. Earnings stood at $3.1 billion, or $2.71 a share.
HP’s delivered revenue for the entire 2021 was up $12.1% compared to last year, as the company reported $63.5 billion. Earnings were $6.5 billion, or $5.33 a share. Unlike Dell, which saw Windows 11 as a key catalyst, HP’s CEO Enrique Lores said its strong portfolio of hardware, software, and subscriptions, helped it achieve these results.
Still, PC sales were at the heart of HP’s strong growth, as revenue for this segment was $11.8 billion, up 13% year-on-year. Consumer PC sales were down 3% for the quarter, while commercial revenue spiked 25%.
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