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Dell's quarterly revenue drops 20% on weak PC demand



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June 1 (Reuters) -Dell Technologies Inc's DELL.N revenue fell for a third straight quarter on Thursday as demand for desktops and laptops cooled following a pandemic rush for work-from-home equipment.

Recent earnings from rivals HP Inc HPQ.N and Lenovo Group 0992.HK had also suggested that a recovery remains distant as an uncertain economy threatens the sector's key enterprise customer base and worsens inventory pile-ups.

For the first quarter ended May 5, Dell's revenue fell 20% to $20.92 billion, but beat analysts' expectations of $20.27 billion, according to Refinitiv data.

The company's client solutions unit - home to its consumer and enterprise PC business - posted a 23% fall in sales, while the infrastructure solutions unit, which includes servers, storage devices and networking hardware, saw an 18% decline.

Net income attributable came in at $578 million, or 79 cents per share, compared with $1.07 billion, or $1.37 per share, a year earlier.



Reporting by Mariam Sunny and Pratyush Thakur in Bengaluru; Editing by Devika Syamnath

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