Feeds

Dell hits revised estimates

Europe is thorn in side

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

Dell Computer hit its lowered Q3 targets with a 22 per cent rise in revenues. The company warned that the weak euro continued to hamper sales growth.

Laptops and sales of high-end corporate systems were the engines of growth during the quarter with the lines seeing 50 per cent and 40 per cent revenue growth respectively.

These helped the company reach a record profits, up 40 per cent to $674 million. More than half Dell's revenue and two thirds of operating profit came from sales of enterprise products, notebooks and services, the company said today.

"We're seeing history repeat itself: as they did with desktop PCs, customers of higher-end computing products and services are increasingly choosing to purchase them directly, from Dell," said Michael Dell, Dell chairman and CEO.

Desktops meanwhile are 'still a fairly healthy business' but are becoming a smaller part of the revenue mix, CEO Michael Dell said, in an interview with the FT.

The company expects to hit its revised revenue growth target of 27 per cent for the full year, and it now expects revenues for next year to grow at 20 per cent, still healthy, but rather more sluggish than Wall Street is used to.

Q3 revenues were $8.26 billion, against $6.78 billion a year earlier. Revenues were up 24 per cent in North America and around 40 per cent in the Asia Pacific. But EMEA grew only seven per cent in the quarter.

Last month the Texas-based vendor warned third-quarter revenue would be worse than forecast because of poor sales in Europe and the small business market. ®

Related Stories

Dell and Dixons give dire e-service
Decent Dell honours PC offer after online price cock-up
Server shipments up in Q3
Dell blames stingy Europeans for droopy Q3 sales figures

Boost IT visibility and business value

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.