DVMT Dell Technologies Inc. Class V (delisted)

   By Patrick Thomas 
 

Dell Technologies Inc. (DVMT) reported a wider third-quarter loss from a year earlier, although it posted stronger sales across its business lines.

The report released Thursday was the closely held company's first after boosting its offer to buy out holders of shares that track its interest in VMware Inc. (VMW).

Dell posted a loss of $895 million in the quarter ended Nov. 2, compared with a loss of $846 million in the year-ago period.

On an adjusted basis, Dell's profit was flat from a year earlier at $1.2 billion. Profit per Class V share was 81 cents a share, down from 96 cents a share a year earlier.

Revenue rose 15% to $22.48 billion, as products revenue increased 17%.

Dell said revenue at its infrastructure solutions unit rose 19% to $$8.9 billion. The firm booked $10.9 billion in sales in its client solutions group, up 11%. VMware revenue rose 15% to $2.23 billion.

Operating expenses also increased 12% for the quarter.

The company said it outperformed the PC industry for total world-wide units, delivering above-market growth in desktops and notebooks and in total commercial units.

Write to Patrick Thomas at patrick.thomas@wsj.com

(END) Dow Jones Newswires

November 29, 2018 17:39 ET (22:39 GMT)

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