Dell Technologies operating profit increased for the year

Dell Technologies operating profit increased for the year
Dell Technologies, one of the three largest PC manufacturers, has published its next quarterly report. It recently completed the third quarter of fiscal year 2021.

During the reporting period, we received $ 23.5 billion in revenue. This is 3% more in annual terms. At the same time, operating profit increased by 35% and reached $ 1.1 billion. The result of the quarter was a net profit of $ 881 million. This is 60% more than a year ago.

The non-GAAP calculation changes the picture, and for the better. Operating profit is equal to $ 2.7 billion, which is 12% more in annual terms, and net profit reaches $ 1.7 billion, which is 18% more in annual terms.

One of the factors driving the growth in financial performance was the success of the Client Solutions Group division, which accounts for more than half of revenue. In particular, there was an increase in sales of laptops of the Latitude and Precision families, as well as a high demand for chromebooks (their sales growth is expressed in three digits). The report also pays tribute to the success of the XPS and Alienware brands in the gaming systems segment.
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