Dell posts 15 percent rise in revenue on strong PC sales By Reuters

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© Reuters. A Dell gaming computer is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles


© Reuters. A Dell gaming computer is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles

(Reuters) – Dell Technologies Inc (N:) posted a 15 percent rise in quarterly revenue on Thursday, helped by businesses upgrading their systems ahead of Microsoft (NASDAQ:) pulling the plug on Windows 7 support.

However, net loss attributable to Dell Technologies widened to $876 million in the third quarter ended Nov. 2, from $846 million a year earlier.

Loss per share remained unchanged at $1.84 per share.

Revenue rose to $22.48 billion from $19.56 billion.

Dell is buying back shares tied to its interest in software maker VMware (N:), looking to return to the stock market without a traditional initial public offering.

(This story was refiled to add dropped word in headline)

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