Dell has raised its first-quarter sales forecast and
said it would increase its stock repurchases
significantly.
The PC maker now expects first-quarter sales to be $11.4bn,
$200m higher forecast it gave when it announced its fourth-quarter
results in February. Dell's first quarter includes February, March
and April. The company is scheduled to announce its earnings for
the period on 13 May.
Demand from outside the US is driving Dell's higher revenue. All
Dell products are selling well, but sales growth is strongest for
servers, storage systems, professional services and printing and
imaging.
As a result of its strong operating results and cash generation,
Dell will increase its stock buy-back activity. The company will
spend about $1.1bn in the first quarter to repurchase Dell shares,
up from a planned $600m at the start of the quarter.
Joris Evers writes for IDG News Service