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5 Biggest Dell Earnings Takeaways: PCs, Storage, VMware Sales

From record-breaking client sales to another drop in storage, CRN breaks down the five most important results from Dell Technologies third quarter.

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5 Biggest Highlights From Dell’s Q3

Dell Technologies’ financial earnings for its third fiscal quarter showed solid growth in key areas while bread-and-butter infrastructure segments posted sales drop that raised some eyebrows during Dell’s financial earrings report.

“Our storage business was down 7 percent for the quarter, we were disappointed with that result,” said Jeff Clarke, chief operating officer and vice chairman of Dell Technologies, during the company’s third-quarter earnings call with media and analysts last week.

Despite the ongoing COVID-19 pandemic creating economic uncertainty across the globe, Dell was able to generate $23.48 billion in total revenue, representing an increase of 3 percent year over year. Net income for the quarter also reached $881 million, up 60 percent from $552 million one year ago.

CRN breaks down the five biggest takeaways and areas of interest that investors, customers and channel partner should know as the Round Rock, Texas-based infrastructure giant enters 2021.

 
 
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