Dell Technologies benefited from robust sales of laptop and desktop computers during its most recent quarter, driving its earnings well past forecasts and pushing shares as much as 11 per cent higher.

Dell said Wednesday its PC business posted record second-quarter revenue of $11.7bn, a 6 per cent gain year-over-year, as strength in sales to businesses offset weaker revenue for the consumer side. The group noted double-digit revenue growth in commercial notebooks, desktops and workstations.

Rival HP also reported higher computer sales last week amid commercial demand. HP’s personal systems net revenue rose 3 per cent during the company’s fiscal third quarter, while total units grew 5 per cent.

Overall, Dell’s revenue climbed 2 per cent to $23.4bn in the quarter that ended August 2. Dell booked net income of $4.5bn, compared with a loss of $461m in the year-ago period.

On an adjusted basis, Dell earned $2.15 per share on revenue of $23.5bn. Analysts were looking for earnings per share of $1.47 and $23.27bn in revenue.

Shares rallied 9 per cent to $51 in after-hours trading. The stock, which advanced 3.3 per cent during Thursday’s session, was down more than 4 per cent since the start of the year.

The Texas-based PC and software group, which returned to the public market in December, said it continues to evaluate the potential impact of a fourth tranche of US tariffs on Chinese goods. Jeff Clarke, Dell’s vice-chairman of products and operations, said in some cases the company’s costs would go up and it will “have to move price”, he told analysts during an earnings call.

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