Dell Technologies Inc (NYSE: DELL) stock rose over 5.8% on 28^th August, 2020 (as of  10:46 am GMT-4 ; Source: Google finance) post second quarter of FY21 performance. The firm’s consumer business, boomed fueled by the ongoing pandemic with consumer direct business rising 56% based on orders. Consumer direct online business rose 79% based on orders. The firm witnessed solid double-digit growth across all consumer notebooks and gaming systems boosted by premium XPS and Alienware brands, rising 25% on an orders basis. Notebook momentum orders rose 8% boosted by consumer and commercial notebook needs at home and for remote work and learning. Health care and the financial sector drove the large enterprises business during the first quarter which delivered $44.7 billion of revenue, $4.8 billion of operating income and $5.7 billion of adjusted EBITDA. The firm witnessed double-digit orders growth for data protection and VxRail during the second fiscal quarter and mid-single-digit orders growth for high-end storage. Overall deferred revenue rose 14% yoy to $28.8 billion, while recurring revenue, which includes deferred revenue amortization, utility and as-a-service models is over $6 billion a quarter, up 15%.

However, the overall revenues fell 3% to $22.8 billion, while Client Solutions Group revenue fell 5% to $11.2 billion. Infrastructure Solutions revenue lost 5% to $8.2 billion. Gross margin were also subdued at $7.6 billion or 33.5% of revenue as only education, state and local government and consumer showed growth while hurt other customer verticals. CSG operating income fell to $715 million or 6.4% of revenue hurt by deflationary component cost environment. ISG revenue lost 5% to $8.2 billion, while Storage revenue fell 4% yoy to $4 billion, but rose 5% sequentially, driven by VxRail double-digit orders growth. PowerMax solution saw triple digit growth while Data Protection showed double-digit orders growth. Servers and networking revenue fell 5% yoy to $4.2 billion, but high-value servers built for artificial intelligence and machine learning workloads saw mid-single digit orders growth.