Dell's 2Q Profit And Strong Outlook Boost Optimism - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Hardware & Infrastructure

Dell's 2Q Profit And Strong Outlook Boost Optimism

One of I.T.'s most consistent high-performers last week added to growing optimism about the economy. Dell Inc. reported a profit of $621 million on revenue of $9.8 billion for its second quarter, ended Aug. 1. This was up from a profit of $501 million on revenue of $8.5 billion in the same quarter a year ago. Dell expects third-quarter unit sales volume to grow more than 25%.

"We're seeing a stabilization in the IT environment," Kevin Rollins, Dell's president and chief operating officer, said at the company's briefing. "However, it will take a couple of quarters before you see IT budgets growing substantially."

Dell's results could help boost a growing positive perspective on the economy. More than two thirds of 168 CIOs and CFOs responding to a survey by Tatum Partners, a professional-services company, say they expect business conditions to improve in the next two months. Forty-two percent say business has improved in the previous 30 days.

Macroeconomic numbers also are beginning to rebound, says Erik Brynjolfsson, professor of economics at the MIT Sloan School of Management. Productivity growth, in particular, has remained undiminished. "There's been skepticism about IT productivity, but now we're starting to see it show up in the macroeconomic numbers," Brynjolfsson says, "and it will show up in individual balance sheets as well."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
News
COVID-19: Using Data to Map Infections, Hospital Beds, and More
Jessica Davis, Senior Editor, Enterprise Apps,  3/25/2020
Commentary
Enterprise Guide to Robotic Process Automation
Cathleen Gagne, Managing Editor, InformationWeek,  3/23/2020
Slideshows
How Startup Innovation Can Help Enterprises Face COVID-19
Joao-Pierre S. Ruth, Senior Writer,  3/24/2020
Register for InformationWeek Newsletters
Video
Current Issue
IT Careers: Tech Drives Constant Change
Advances in information technology and management concepts mean that IT professionals must update their skill sets, even their career goals on an almost yearly basis. In this IT Trend Report, experts share advice on how IT pros can keep up with this every-changing job market. Read it today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll