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Dell posts 15 percent rise in revenue on strong PC sales

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Dell posts 15 percent rise in revenue on strong PC sales

Dell posts 15 percent rise in revenue on strong PC sales
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Brendan McDermid(Reuters)
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(Reuters) - Dell Technologies Inc <DVMT.N> posted a 15 percent rise in quarterly revenue on Thursday, helped by businesses upgrading their systems ahead of Microsoft pulling the plug on Windows 7 support.

However, net loss attributable to Dell Technologies widened to $876 million in the third quarter ended Nov. 2, from $846 million a year earlier.

Loss per share remained unchanged at $1.84 per share.

Revenue rose to $22.48 billion from $19.56 billion.

Dell is buying back shares tied to its interest in software maker VMware <VMW.N>, looking to return to the stock market without a traditional initial public offering.

(Reporting by Vibhuti Sharma in Bengaluru; Editing by Sriraj Kalluvila)

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