- News>
- ICE Economy
Dell profit rises to $ 677 million
Round Rock (Texas, US), Nov 14: Personal computer giant Dell posted a third-quarter net profit of USD 677 million, up 21 per cent over the 561 million it earned in the year-ago period.
Round Rock (Texas, US), Nov 14: Personal computer
giant Dell posted a third-quarter net profit of USD 677 million,
up 21 per cent over the 561 million it earned in the
year-ago period.
The PC leader met earnings forecasts and topped revenue
estimates of Wall Street analysts.
Dell earned 26 cents a share, in line with estimates of analysts surveyed by Thomson First Call.
The company had been due to release results after the close of Wall Street yesterday, but mistakenly published them about an hour early.
Sales of USD 10.6 billion, a 16 per cent rise, topped consensus revenue forecasts of 10.53 billion.
"Customers and investors get best value over time from companies like dell that are growing and financially very healthy," said Michael Dell, the company founder as well as chairman of the board and chief executive.
"The market should insist on both, and it's a credit to our teams and a better way of doing business that we're consistently meeting those expectations."
Dell said the company anticipates its fourth-quarter shipments will be up more than 25 per cent year-over-year, and again outpace the rest of the industry. Dell expects revenue of USD 11.5 billion, an increase of 18 per cent, and earnings per share of 28 cents, up 22 per cent.
Bureau Report
Dell earned 26 cents a share, in line with estimates of analysts surveyed by Thomson First Call.
The company had been due to release results after the close of Wall Street yesterday, but mistakenly published them about an hour early.
Sales of USD 10.6 billion, a 16 per cent rise, topped consensus revenue forecasts of 10.53 billion.
"Customers and investors get best value over time from companies like dell that are growing and financially very healthy," said Michael Dell, the company founder as well as chairman of the board and chief executive.
"The market should insist on both, and it's a credit to our teams and a better way of doing business that we're consistently meeting those expectations."
Dell said the company anticipates its fourth-quarter shipments will be up more than 25 per cent year-over-year, and again outpace the rest of the industry. Dell expects revenue of USD 11.5 billion, an increase of 18 per cent, and earnings per share of 28 cents, up 22 per cent.
Bureau Report