Feeds

Dell hits revised estimates

Europe is thorn in side

  • alert
  • submit to reddit

High performance access to file storage

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

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.