Dell Posts Wider Loss Though Revenue Rises 15%
29 Novembre 2018 - 11:54PM
Dow Jones News
By Patrick Thomas
Dell Technologies Inc. (DVMT) reported a wider third-quarter
loss from a year earlier, although it posted stronger sales across
its business lines.
The report released Thursday was the closely held company's
first after boosting its offer to buy out holders of shares that
track its interest in VMware Inc. (VMW).
Dell posted a loss of $895 million in the quarter ended Nov. 2,
compared with a loss of $846 million in the year-ago period.
On an adjusted basis, Dell's profit was flat from a year earlier
at $1.2 billion. Profit per Class V share was 81 cents a share,
down from 96 cents a share a year earlier.
Revenue rose 15% to $22.48 billion, as products revenue
increased 17%.
Dell said revenue at its infrastructure solutions unit rose 19%
to $$8.9 billion. The firm booked $10.9 billion in sales in its
client solutions group, up 11%. VMware revenue rose 15% to $2.23
billion.
Operating expenses also increased 12% for the quarter.
The company said it outperformed the PC industry for total
world-wide units, delivering above-market growth in desktops and
notebooks and in total commercial units.
Write to Patrick Thomas at patrick.thomas@wsj.com
(END) Dow Jones Newswires
November 29, 2018 17:39 ET (22:39 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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