By Dhirendra Tripathi

Investing.com – Dell stock (NYSE:) rose almost 5% Wednesday as demand for its personal computers, from both consumer and commercial segments, remained strong and the company achieved highest year-over-year PC share gain in its history for third quarter.

Shipments at the company jumped nearly 27%, allowing it to grab a global PC market share of 17.4%, up 3%, according to IDC’s quarterly personal computing device tracker.

The company reported that sales rose 21% to $28 billion in the October 29 period. This was due to growth across all business units and customer segments, and broad strength in commercial PCs and servers, among other things.

Adjusted profit per share (Sales) and adjusted profits per share (2.37), easily beat expectations, which was also made possible by Windows 11, Microsoft’s new OS.

For PC-makers Dell and HP (NYSE :), times are better than ever as the pandemic has made their devices indispensable in a new world where work-fromhome and office is a common model. Dell announced in September that their annual revenue would rise by 3% to 4 percent through 2026.

The fourth-quarter net revenues at HP rival HP increased by over 9% to approximately $17 Billion.

As in HP’s case, companies looking to upgrade their systems drove Dell revenue. Client solutions, Dell’s hardware business, saw a 35% increase to $16.5 million.

Sales to consumers were up 21%, while PC sales to business and government agencies jumped 40%, to over $12 billion, the highest in company’s history, Dell said.

Revenue from the Infrastructure Solutions Group, which includes most of the company’s technology services, rose 5%, to $8.4 billion.

VMware (NYSE:), which is now listed following the Dell spin-off of the cloud computing unit, saw an increase in revenue of 10% during the third quarter.