DELL'S REVENUE JUMPS

BENGALURU : Dell Technologies Inc reported a 15 percent rise in quarterly revenue on Thursday, as businesses were forced to upgrade their systems running on older Windows technology and on strong performance by software maker VMware.

The results come ahead of voting on the company's offer to buy back shares tied to 81 percent of   economic stake in VMware Inc, which would allow Dell a return to public markets without going through the rigors of traditional initial public offer process.

Dell earlier this month sweetened its cash-and-stock offer to $23.9 billion, winning backing from shareholders including Carl Icahn, who had opposed the initial bid, as well as from Elliott Management and Canyon Partners.

''We expect the transaction to close in this calendar year, with the projected close detail and first day of trading for the  Class C common stock on the NYSE under the ticker symbol *DELL* on December 28,'' Dell's head of  investor relations Robert Williams said on a conference call with analysts.

The offer is scheduled to be voted on Dec 11.

The gain was largely due to businesses looking to replace their older machines following Microsoft's  Corp to stop all support for its Windows 7 operating system early in 2020.

Dell held 17 percent of global PC market share to-date, behind HP Inc's 23 percent and Lenovo Group Ltd's 21 percent share, according to data from Canalysis.

HP Inc on Thursday reported an 11 percent rise in revenue in its personal systems business, which also topped analysts estimates.[Reuters]