Dell Technologies has posted its performance for its second fiscal quarter of 2021 (2FQ2021), which ended on July 31, 2020. The company has announced total revenues of US$22.7 billion for this period, with a net income of $1.1 billion. This success was attributed to demand for devices and services that drove working and learning from home.
Dell Technologies has noted that its earnings per share (EPS) for 2FQ2021 were $1.37, enabling the company to exceed analyst estimates for the 6th quarter running in this respect. The OEM also posted operating income levels of $1.1 billion, a reported increase of 119% year-on-year, and earnings before tax and other necessary expenses (or EBDITA) of $3.1 billion.
Dell attributed these satisfactory results to a clear demand for remote working-, entertainment- and education-friendly hardware and services in effect during the quarter. This was particularly apparent for its Client Solutions Group (CSG), which covers many familiar ranges of its PCs. The group’s revenue was $11.2 billion for 2FQ2021, with an operating income of $0.715 billion.
The XPS and Alienware lines reportedly pulled their weight in terms of their contributions here, with combined orders that grew by 25% in 2FQ2021. Dell also acknowledged the performance of the new Latitude series, which launched with built-in AI and 5G-enabled variants, as well as the new and “industry-leading” Precision workstations, in CSG’s performance for the quarter. However, ironically, its commercial client revenue was $8 billion, or 11% down compared to the company’s previous report.
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Deirdre O’Donnell, 2020-08-28 (Update: 2020-08-28)