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  • Windows 11 and demand for work PCs sees Dell and HP results boost

    From TechnologyDaily@1337:1/100 to All on Wed Nov 24 11:00:04 2021
    Windows 11 and demand for work PCs sees Dell and HP results boost

    Date:
    Wed, 24 Nov 2021 10:43:44 +0000

    Description:
    Dell and HP both beat expectations as PC demand grows following Window 11 launch.

    FULL STORY ======================================================================

    Strong demand for business computers following the launch of Windows 11 has left both Dell and HP with better-than-expected results for their most recent financial results.

    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 companys 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.

    HPs 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, HPs 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 HPs 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%. You should also
    check out our list of the best hybrid working tech right now



    ======================================================================
    Link to news story: https://www.techradar.com/news/windows-11-and-demand-for-work-pcs-sees-dell-an d-hp-results-boost/


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