Feeds

Dell profits rise 144%

Consumer sales the only laggard

Securing Web Applications Made Simple and Scalable

In another sign that the tech industry is maybe, just maybe, climbing slowly and haltingly out of the toilet, Dell announced Thursday that its third-quarter financial results were healthier than Wall Street thought they would be.

"Dell is growing in the right areas, and I’m very excited about our momentum," said chairman and CEO Michael Dell in a canned statement.

Wall Street moneymen seem to agree — the Round Rock, Texas company's stock was up over 6 per cent in after-hours trading.

Dell reported a net income of $822m in its third quarter, up 144 per cent from $337m in the same quarter last year. Revenue totaled $15.4bn, a 19 per cent year-on-year increase from last year's $12.9bn.

Both Thomson Reuters and FactSet Research had predicted revenues in the $15.7bn range, which Dell failed to reach, but in the all-important earning-per-share metric, Dell solidly exceeded the moneymen's projections: 45 cents versus the expected 33 cents.

In three of the company's four main business areas, revenue growth was in double digits: enterprise revenue was $4.3bn, up 27 per cent; public-sector sales pulled in $4.4bn, up 20 per cent; and SMB accounted for $3.7bn, up 24 per cent.

Revenue growth from cash-strapped, worried, unemployed, foreclosed-upon, struggling consumers, however, was meager: at $3bn, it achieved only a 4 per cent increase. ®

Build a business case: developing custom apps

More from The Register

next story
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
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.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.