Work No Longer a ‘Destination’ in Pandemic’s ‘New Normal,’ Says Dell COO
Consumer revenue at Dell Technologies for Q1 ended May 1 was down 5%, “as we shifted supply to direct from retail” with the onset of the COVID-19 pandemic, said Chief Financial Officer Tom Sweet on a Thursday investor call. Dell’s…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
consumer-direct orders were up nearly 40% in the quarter, while consumer retail orders were down 37%, he said. April visits to Dell’s online store were up 77% from a year earlier, “driven largely by interest in remote work offerings,” said Chief Operating Officer Jeff Clarke. In the “new normal,” society is realizing “that work isn't a destination, rather it's something many of us can do anywhere, anytime,” he said. “We are solving customer issues remotely with great success.” The stock closed 8.9% higher Friday at $49.64.