Feeds

Dell ups Q1 forecast on overseas boom

Round Rock Express throws strikes

  • alert
  • submit to reddit

Boost IT visibility and business value

Dell plans to up its first quarter revenue forecast at a Thursday analyst meeting, sighting both strong US and overseas growth as reason for the move.

The Round Rock Express continues to outpace competitors in both good times and bad. Dell is now looking for first quarter sales of $11.4bn, which is $200m higher than a previous forecast provided by management in February. The new target would equal 20 percent year-on-year growth for the company.

"Customers around the world want powerful, reliable technology at great prices," said Kevin Rollins, Dell's president and COO. "That's true in markets like China and Japan and France, and in the U.S., England and Canada, and why we're seeing rapid, profitable growth."

Dell reckons it's seeing the fastest growth from servers, storage and professional services. Even printing and imaging products are taking off. HP take note.

Dell also plans to inform analysts about an increase in its share buyback program. During the boom days, Dell took some hits from analysts for devaluing its shares via stock options and a lack of buybacks. Dell now plans to spend $1.1bn on stock repurchases over the next three months - up from a planned $600m. ®

Related stories

Dude, you're getting a Dell - Oracle bundle
Intel to pay $225m to settle Itanic patent clash
Analysts cheer AMD, Dell and Microsoft as x86-64-bit winners
Dell deepens ties to VMware
Michael Dell to relinquish CEO title, command of brain

Maximizing your infrastructure through virtualization

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
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
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
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
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.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.