Dell's efforts to refresh its PC lineup as users do more computing at home have paid off, while the pandemic-fueled recession has reduced corporate demand for data center hardware.
The world’s second-largest economy remains tied to America despite billions invested in local chip-making know-how.
As cost-cutting measures appear to be bearing fruit, the company also has "gained momentum in key areas," CEO Antonio Neri said.
CEO pledges to reduce expenses by $1 billion through a reorganization that will include job cuts and early retirement for some workers.
NextDC, its portfolio company, has surged 83% this year amid increased demand for data storage services.