The enterprise technology market may be recovering, according to Dell Technologies Inc., which announced better-than-expected sales of personal computers and data center equipment. The company also cited the need for technologies that enable organizations to use artificial intelligence as a “long-term tailwind.”

Following the results, COO Jeff Clarke remarked in a teleconference, “We’re encouraged by some of the signs we’re seeing in the macro environment as we move into the second half of the year.” “Especially as June and July get closer, the demand environment has been improving faster than we anticipated.”

Dell increased its annual sales projection from $89.5 billion to $91.5 billion, or approximately 12% less than the previous year. On average, analysts predicted $86.9 billion, a 15% decrease. Even though there are indications that demand from government and small-business clients is stabilizing, the biggest clients still exhibit “weighted” purchasing.

After closing at $56.24 in New York, shares increased by roughly 8% during extended trading. As of Thursday’s close, shares were up 40% so far this year.

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