Dell has reported record first-quarter profits on the back of a strong performance by its small and medium sized business (SMB) division.
In contrast to HP's falling revenues, Dell reported revenues up one per cent to $15bn, in what is traditionally the weakest quarter for PC manufacturers.
Dell's SMB division had a record-breaking quarter, with revenues up seven per cent at $3.8bn, while the enterprise servers and networking business posted revenue growth of 11 per cent.
"We're off to a solid start in our fiscal year 2012," said chief executive Michael Dell. "Our substantial profit increase demonstrates that our strategy is working and our execution is improving."
The company reported enterprise sales up five per cent, and said that the sector now accounts for almost a third of total revenues. India and China are the two fastest growing markets for Dell.
"We continue to build momentum with our strategy to expand our enterprise solutions and services business, and it's contributing to our strong financial results," said Brian Gladden, chief financial officer at Dell.
"We have built an $18bn enterprise solutions and services business with exciting growth potential, and our execution in the core client business continues to be very good."
However, consumer revenues for the quarter fell seven per cent, although profits increased owing to a concentration on higher-end gaming systems.
Dell seemed bullish about its prospects for the year and is expecting mid-single digit growth, unlike HP which blamed its poor results on softening demand in the PC industry.
Intel also predicted a year of growth after record-breaking financial results.
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