Dell Technologies beat revenue expectations for the ninth consecutive quarter on May 26 as the PC maker saw strong demand for its laptops and laptops as companies embrace a hybrid work model.
The company posted a 62 per cent jump in quarterly profit as businesses invest in remote-working equipment and consumers upgrade their phones.
It comes at a time when technology companies are battling a global chip shortage and supply chain disruptions that have been made worse by the Ukraine war and new lock-downs in China.
Revenue at Dell's client solutions group, which included its desktop PCs, notebooks and tablets, increased 17 per cent in the quarter, while the company's infrastructure solutions group, which sells data storage software and servers, posted a 16 per cent increase in sales.
The total revenue increased 16 per cent to US $26.12 billion in the first quarter, compared to analysts' average estimate of US $25.04 billion, according to Refinitiv data.
Net income from continuing operations rose to US $1.07 billion, or US $1.37 per share, from US $659 million or 84 cents per share a year ago.
In a US $61 billion cash- and-stock deal, chip firm Broadcom Inc said earlier in the day it would buy VMware. The cloud computing firm was acquired from Dell in 2021.
Michael Dell, the nearly four-decade old company's founder and top boss, is VMware's biggest investor with a 40 per cent stake.