© Reuters.
By Yasin Ebrahim
Investing.com — Dell Technologies reported Monday third-quarter results that topped Wall Street estimates despite slower demand amid a weaker macroeconomic environment.
Dell Technologies Inc (NYSE:) was up 7% in afterhours trading following the report.
The company third-quarter adjusted EPS of $2.30 on revenue of $24.7 billion, compared with estimates for $1.61 per share and $24.4B, respectively.
The client solutions grouup reported a 17% decline in revenue to $13.8B year-on-year in Q3, offsetting 12% growth in its infrastructure solutions group business.
“We combatted slower demand and drove record profitability, with record operating income of $1.8 billion,” the company said.
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