Dell has posted overall increased sales and profits for the second quarter ended 2 August 2019, helped by sales growth in its business PC division.
Total revenue was up 2% to $23.4bn year-over-year and operating income was $519m compared to an operating loss of $13m last year.
Jeff Clarke, vice chairman of Dell Technologies, said: "We are in the early stages of a technology-led investment cycle. IT spending remains healthy and our business drivers remain strong.
"We are innovating and integrating across the Dell Technologies portfolio, from the edge to the core to the cloud, with a diverse business designed to succeed in any macro environment.”
The company repaid around $2bn of gross debt in the quarter, and has paid down approximately $17bn in gross debt over the three years since closing the mammoth EMC acquisition. It will pay back a total of $5bn in the full year.
"Operating income, gross margin and deferred revenue are up double digits, our PC business produced record results and we saw record cash flow," said Tom Sweet, chief financial officer at Dell Technologies.
Infrastructure Solutions Group revenue for the second quarter was $8.6bn, a 7% decrease year-over-year. Of this, storage revenue was flat at $4.2bn, while servers and networking decreased 12% to $4.4bn. Operating income was $1.1bn, or 12.2% of Infrastructure Solutions Group revenue.
Client Solutions Group revenue for the quarter was $11.7bn, up 6%. Of this, commercial revenue grew 12% to $9.1bn, and consumer revenue was down 12% to $2.7bn. Operating income was $982m, or 8.4 percent of Client Solutions Group revenue.
VMware subsidiary revenue was $2.5bn, up 12%, with an operating income of $762m.
