Feeds

Dell profits rise 144%

Consumer sales the only laggard

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
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
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
Analysts: Bright future for smartphones, tablets, wearables
There's plenty of good money to be made if you stay out of the PC market
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
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.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.