Dell misses quarterly revenue estimates on slow PC market recovery

The company's client solutions group posted revenue of $12.28bn (€11.26bn) for the third quarter, marking a near 11% fall

Dell's servers and networking business revenue was up 9% from the second quarter, fueled by customer interest in generative artificial intelligence, Chief Operating Officer Jeff Clarke said. Pic James Horan/RollingNews.ie

Dell Technologies on Thursday reported third-quarter revenue below estimates due to a slower-than-expected recovery in the hardware and software market, sending its shares down 4% after the bell.

Vendors in the market have seen a slowdown in demand following the surge in sales of electronic devices during lockdowns on the back of increased work-from-home measures.