Dell earnings jump 63% in fiscal Q2

Wednesday, August 17, 2011

US PC manufacturer Dell (Nasdaq: DELL) reported a US$890mn net profit for the second quarter of fiscal 2012, ended July 29, up 63% compared to US$545mn a year ago, according to financial results reported by the company.

Dell's revenues inched up 1% to US$15.7bn in the quarter, from US$15.5bn in the year-ago period. Operating profit was up 54% to US$1.15bn from US$745mn, as the cost of products was brought down 9% to US$9.94bn.

According to the statement, Dell is continuing to invest in developing and acquiring industry systems management, storage, security and networking intellectual property. It is also increasing investment in sales and go-to-market capabilities.

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Dell expects to close its acquisition of Force 10 Networks in fiscal Q3. Force10 Networks provides high-performance data center networking capabilities, which will complement and extend Dell's data center solutions portfolio.

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