Status: 11/25/2020 1:33 p.m.
The trend towards home offices has changed the world of work dramatically. But many employees were not at all technically prepared for this. Computer companies Dell and HP are reporting unprecedented demand.
The computer manufacturer Dell has clearly exceeded the expectations of Wall Street with its figures for the third fiscal quarter. The bottom line was that profits shot up 60 percent to $ 881 million.
“Technology has never been as important as it is today,” announced Dell CEO Jeff Clarke on Tuesday after the US market closed when he presented the quarterly figures. “We have seen unprecedented demand for home work applications.”
Before the corona crisis, PCs had already degenerated into slow moving and Dell was declared the dinosaur of the IT industry, the pandemic had provided a role backwards here.
Many employees and families first had to upgrade their technology for home office and homeschooling. And many did this in the traditional way with PCs.
HP is optimistic about the future
“The PC suddenly became essential,” emphasized HP CEO Enrique Lores in an interview with the news portal Marketwatch on Tuesday evening. Previously, the HP group had also presented surprisingly good figures for the past quarter. Accordingly, the profit in the fourth fiscal quarter with 668 million dollars was a whopping 72 percent above the corresponding figure for the previous year.
The view into the near future is also extremely positive. HP expects earnings per share of 64 to 70 cents for the current quarter – and thus easily surpasses the market consensus, which is 54 cents per share.
Dell shares in great demand in 2020
The great demand for PCs, notebooks and tablets during the Corona crisis and the resulting good business for computer manufacturers are meanwhile also being reflected on the stock market. But this is where the wheat is separated from the chaff.
While the Dell share has increased 37 percent since the beginning of the year, the plus for the HP share amounts to just six percent. By way of comparison: The market-wide American share index S&P 500 posted a gain of 13 percent in the same period.
At the beginning
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