computer
Strong demand for PCs: Dell and HP with leaps in profits
The logo of the computer company Hewlett-Packard can be seen at the office in Böblingen. Photo: Daniel Naupold / dpa
© dpa-infocom GmbH
The corona pandemic makes it possible: The profits at Dell and HP are gushing – thanks to home offices and an increased demand for personal computers and notebooks.
The computer companies Dell and HP are making excellent profits thanks to strong demand for PCs. Both companies announced strong leaps in profits in the most recent quarter on Tuesday after the US market closed.
In the corona pandemic, Dell and HP continue to benefit from the trend towards home offices and increased IT requirements.
Dell increased sales in the three months to the end of October compared to the same period last year by 21 percent to $ 28.4 billion. According to the company, net profit more than quadrupled to 3.9 billion dollars (3.5 billion euros). After the trading hours, the share initially reacted with slight price increases.
Things went similarly well recently at rival HP. Here sales increased by a good nine percent to $ 16.7 billion in the past fiscal quarter. The bottom line is that HP earned $ 3.1 billion (2.8 billion euros) according to its own information, around 360 percent more than a year ago. The share rose after hours by over eight percent.