Dell reports stronger than expected Q2

Dell shares rose 2% on the back of a strong Q2 despite the Client Solutions Group missing revenue estimates, reported at $11.2bn versus the $11.52bn expectation. Consumer sales were up 18% and Infrastructure Solutions Group revenue totaled $8.2bn with $4bn in storage revenue and $4.2bn in servers and networking.

VMware sales increased 10% to $2.9bn. Recurring revenue rose 15% to $6bn.

Cash from operating activities totaled $3.3bn, and Dell ended the quarter with $12.3bn in cash and equivalents after paying down $3.6bn in debt.

Jeff Clarke, vice chairman and chief operating officer, said: "In Q2, we saw strength in the government sector and in education, with orders up 16 and 24 percent respectively, as parents, teachers and school districts prepare for a new frontier in virtual learning."

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