Feeds

Dell projects more revenue growth

No surprise there then

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Dell has announced that it expects to meets its forecast for the first quarter 2005 with revenues of $13.4bn, up 16 per cent from a year ago.

The PC manufacturer also reiterated its aim to grow the business over the next three to four years. Dell said that it is expects earnings per share and cash flow from operations to continue to outgrow sales, as it works to meet its $80bn per year revenue goal.

In early February, Dell said that it expected first quarter revenues of $13.4bn and earnings per share of $0.37, up 32 per cent from a year earlier. This followed on from a tough fourth quarter in which the PC giant saw income slip 11 per cent to $667m, or $0.26 a share, which was blamed on a $280m charge for taxes related to the United States' American Jobs Creation Act. However, fourth quarter revenue jumped 17 per cent to $13.46bn.

In addition to meeting its target for the first quarter, the company has announced that it intends to spend $2bn to repurchase stock during the current quarter, more than double Dell's original expectation. Over the past four years, stock buyback has reduced weighted average shares outstanding by more than 9 per cent.

Dell, which is the world's biggest PC manufacturer, hit revenues of $49bn during its last fiscal year, which ended in January. It is expected to reach the $60bn mark during this fiscal year and the company remains optimistic that it can top $80bn within four years.

Although the firm is famed for its desktop computers, Dell believes that the bulk of future revenues are going to come from increased sales of network servers, storage systems, printing and imaging goods, mobile computing products and enhanced services.

In those product and service areas, as well as regions outside the United States, Dell expects to continue to grow at rates even faster than its already-strong overall average.

Dell's CEO, Kevin Rollins, said in a statement: "Our growth and profitability are based on a disciplined approach to defining new product and service categories, accelerating growth in existing businesses, and extending the value we create for customers in all of those areas."

© ENN

Related story

Dell welcomes back Muslim workers
Dell quits 'white box' PC biz
Dell rejects idea of AMD defection

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.