Dell posts US$927mn in fiscal Q4 net profits

- Wednesday, February 16, 2011

Dell posts US$927mn in fiscal Q4 net profits

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.

Start your 15 day free trial now!

cta-arrow

Already a subscriber? Please, login

"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.