Computer manufacturer Dell Technologies has increased its market share

Last week, computer equipment manufacturer Dell Technologies Inc. (DELL) announced the results of the first quarter of the fiscal year 2023. The main achievements of the company were an increase in market share as well as overcoming problems with supply chains. Dell Technologies’ revenue jumped 16% year on year to $26.1 billion in the past quarter. Sales of infrastructure solutions (servers for corporate clients, storage systems, and network solutions) increased by 16% to $9.3 billion.

Sales of the Client Solutions Group division, which sells personal computers, showed a double-digit increase of 17% to $15.6 billion. Commercial PC sales have been a particularly strong source of growth. As companies increased orders as workers returned to offices, Dell Technologies’ revenue from commercial PCs jumped 22% to $12 billion. This trend is likely to continue for several quarters as companies update their technical parks following a long break due to the coronavirus.

According to research firm Gartner, global PC shipments fell by 6.8% in the first quarter, indicating that Dell Technologies is increasing its share of the global PC market. Dell Technologies was also able to minimize the consequences of supply chain disruption. The company’s efforts in this direction, as well as a strategy to control costs, helped adjusted operating profit grow by 21% to $2.1 billion. Adjusted net income rose 36% to $1.4 billion, which corresponds to $1.84 per share. Note that Dell Technologies’ quarterly results are much better than what Wall Street analysts predicted.