Investing.com -- Dell Technologies reported Thursday better-than-expected first-quarter results, though performance was held back by a challenging economic backdrop as PC demand weakness persists.
Dell Technologies (NYSE:DELL) was up 4% in recent trading following the report.
The company reported first-quarter adjusted EPS of $1.31 on revenue of $20.9 billion, compared with estimates for $0.86 per share and $20.3 billion, respectively.
The beat on the bottom line comes even as margins and revenue fell amid a weaker backdrop for PC demand.
Dell's client solutions group and infrastructure solutions group business saw revenue fall 23% and 18% respectively amid "challenging economic backdrop," the company said.