Dell's quarterly profit drops less than feared on cost cuts


FILE PHOTO The logo for Dell Technologies Inc. is displayed on a screen on the floor of the New York Stock Exchange NYSE in New York U.S. January 10 2019. REUTERSBrendan McDermid

FILE PHOTO: The logo for Dell Technologies Inc. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. REUTERS/Brendan McDermid

(Reuters) -Better cost controls helped Dell Technologies Inc beat estimates for first-quarter profit on Thursday, a positive sign for personal computer makers after months of cratering demand.

The results contrasted rivals HP Inc and Lenovo Group, but a full recovery remains some ways off as Dell forecast current-quarter revenue below Wall Street targets and warned that IT spending would stay cautious.

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