Feeds

Dell ups Q1 forecast on overseas boom

Round Rock Express throws strikes

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

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

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
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.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?