(Bloomberg) -- Dell Technologies Inc., reporting results for the first time since re-entering the public markets in December, said sales jumped 9 percent on strong demand for servers and networking gear.

Revenue was $23.8 billion in the fiscal fourth quarter, compared with $21.9 billion a year earlier, the Round Rock, Texas-based company said Thursday in a statement.

Chief Executive Officer Michael Dell’s technology empire generated consistently strong hardware sales over the last year amid the company’s transition back to the public markets after five years of being private. The move was meant to simplify the company’s tangled corporate structure and give it more flexibility to pay down its massive debt. Dell reported it paid down about $200 million in gross debt in the three-month period ended Feb. 1.

Slowing economic growth around the world has fueled concerns that companies such as Dell that rely on hardware may see slowing sales growth later this year. Server rival Hewlett Packard Enterprise Co. last week reported falling revenue because of weaker demand.

“Dell is in a market that everyone says is a dinosaur,’’ said Glenn O’Donnell, an analyst at Forrester Research Inc. “If you don’t execute well, yes it is. But Dell is executing well. ”

Dell Chief Financial Officer Tom Sweet pointed to consistent sales “and profitable share gains” across the major business units.

Dell’s shares were little changed in extended trading after closing at $55.82 in New York. The stock has gained about 25 percent since the company became public again.

Dell’s quarterly loss widened to $287 million, under traditional accounting rules, from $133 million a year earlier. Adjusted earnings before interest, taxes depreciation and amortization gained 11 percent to $3 billion. Dell didn’t report earnings per share because the transaction that brought it back to the stock market occurred in the middle of the quarter, complicating the company’s share count.

Sales in Dell’s infrastructure business unit, which includes servers and storage hardware, gained 10 percent to $9.9 billion, led by a 14 percent increase in server sales. Revenue from the personal computer unit grew 4 percent to $10.9 billion, with corporate PC sales growing 9 percent and revenue from consumer PCs falling 6 percent. Dell notches a higher profit margin from corporate devices.

Dell also reported adjusted revenue of $24 billion. Both reported revenue figures were in line with analysts’ average estimate, according to data compiled by Bloomberg.

VMware Inc., a publicly traded software maker that’s majority owned by Dell, reported sales that rose 17 percent in the most recent period to $2.6 billion, which was ahead of the $2.5 billion average estimate of analysts polled by Bloomberg. Profit, excluding some items was $1.98 per share, above the $1.88 average estimate.

The maker of software used by many companies to cut costs and consolidate corporate network workloads is trying to carve out a role as more companies move to the cloud through a partnership with Amazon Web Services and increasing support for Microsoft Corp.’s rival Azure cloud.

VMware shares rose about 2.5 percent in extended trading after closing at $171.81 Thursday. The company’s stock has gained 25 percent this year.

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