Dell revenue dips marginally to $21.9 bn in first quarter

Dell Technologies said total revenue fell marginally to $21.90 billion in the first quarter of 2020.
Dell Technologies at MWC 2017Net income fell to $143 million, from $293 million a year earlier.

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

Dell said commercial notebooks reported double-digit unit and revenue growth. Dell said mobile workstations posted high-single-digit revenue growth.

“In Q1, we saw orders with banking and financial services, government, healthcare and life sciences customers up 15 percent to 20 percent,” Dell chief operating officer Jeff Clarke said in a statement.

Higher spending by companies towards enabling remote work, as well as weak demand in China weighed on Dell’s data center business.

Dell’s data center business revenue fell 8 percent to $7.57 billion in the three months ended May 1.

Dell in March scrapped its financial year 2021 forecast due to uncertainty over the impact of the coronavirus outbreak.

Sales from its software unit VMware rose 12 percent to $2.76 billion.

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