Dell earnings increase 9% in fiscal Q3

Wednesday, November 16, 2011

US PC manufacturer Dell (Nasdaq: DELL) posted a US$893mn net profit for the third quarter of fiscal 2012, ended October 28, up 9% compared to US$822mn a year ago, according to financial results reported by the company.

Dell's revenues remained basically flat at US$15.4bn in the quarter, as did operating income, which stood at US$1.14bn.

Revenues for Dell's enterprise solutions and services business - including sales of servers, storage, networking and services - increased 8% over the same quarter last year to US$4.7bn, an all-time high, and represented 31% of the company's revenues.

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Given the uncertain macroeconomic environment, "the company is trending to the lower end of the range of its revenue outlook of 1-5% full fiscal year growth," the release said.

But Dell is on track to exceed its guidance of 17-23% for full fiscal year operating income growth, according to the release.

Use this link to view the full results.