Strong demand for business computers following the launch of Windows 11 has given both Dell and HP better-than-expected results for their most recent financial results.
Dell said it had a record-breaking quarter between July and September this year because of “strong” demand for commercial PC systems and workstations, high-end consumer devices and gaming machines, adding that it generated $28.4 billion in Q3 2021 revenue. Saw the report, which was up to 21. % Compared with the same period last year, total earnings reached $3.9 billion.
Revenue for the company’s Customer Solutions group touched $16.5 billion for Q3, up more than a third (35%) from last year. Discussing the results, Jeffrey Clark, vice president of Dell Technologies, said that Windows 11 was a solid growth catalyst, and the company expects it to further drive demand for new PCs.
HP beats expectations
HP has had similarly good results, with its Q4 2021 revenue of $16.7 billion, up 9.3% over the previous year and exceeding analysts’ forecast of $15.4 billion. Earnings were $3.1 billion, or $2.71 per share.
HP’s distributed revenue for the whole of 2021 was up $12.1% compared to the previous year, as the company reported $63.5 billion. Earnings were $6.5 billion, or $5.33 per share. Unlike Dell, which saw Windows 11 as a key catalyst, HP CEO Enrique Lores said its strong portfolio of hardware, software and subscriptions helped achieve these results.
Still, PC sales were at the heart of HP’s strong growth, as revenue for the segment hit $11.8 billion, up 13% year-over-year. Consumer PC sales declined 3% for the quarter, while commercial revenue increased 25%.
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