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US PC manufacturer Dell (Nasdaq: DELL) reported net profits of US$927mn during the fourth quarter of its 2011 fiscal year, ended January 28, surging 177% year-on-year, according to financial results released by the company.
Dell reported revenues of US$15.7bn for fiscal 4Q11, up 5% from year-ago quarterly revenues of US$14.9bn.
Overall, Dell's net profits grew 84% from US$1.43bn during fiscal 2010, to US$2.63bn in fiscal 2011. Yearly revenues were up 16% to US$61.5bn, from US$52.9bn in the previous fiscal year. According to Dell, the US$8.6bn increase in revenues was the largest single-year growth the company has seen.
"Client profitability improved notably in the second half of the year, driven by solid supply-chain performance, lower input costs and improved product quality," according to the company.
Revenues for the Americas were up 3% in the quarter, while Dell saw revenues in Brazil, Russia, India and China (BRIC) grow 21%, representing 13% of the company's total revenues. For the full year, revenues from the BRIC countries posted 38% growth.
For its 2012 fiscal year, Dell expects revenue growth of 5-9%. In the first quarter, Dell said it expects to see normal seasonal declines in its consumer and public businesses, and thus a slight sequential drop in revenue.
Use this link to view the full results.