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Dell grows profit and revenue in second quarter

Dell has announced a rise in profit and revenue in the second quarter of its 2011 fiscal year.

Compared to last year's figures for the period ending...

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Dell has announced a rise in profit and revenue in the second quarter of its 2011 fiscal year.

Compared to last year's figures for the period ending 31 July, Dell boosted profit by 16% from $472m to $545m, with revenue rising 22% from $12.8bn to $15.5bn.

Dell said an increase in sales of servers, storage and services by 43% to $4.3bn drove overall sales and profit up.

CEO Michael Dell said, "We continue to strengthen our portfolio of datacentre solutions at an aggressive pace with the addition of key intellectual property, talent and technology. This quarter's results are a strong reflection of the progress we have made, and we remain very focused on delivering the best possible solutions and services to meet our customers' IT needs."

Dell announced the $1.5bn acquisition of 3Par last week. Dell said the 3Par acquisition would boost its storage product portfolio and help customers reduce data management, storage administration and infrastucture costs.

Earlier this week, the supplier also revealed that Michael Dell faced a shareholder revolt after 25% of investors withheld support for the company founder's re-election to the board, reflecting some shareholders' dissatisfaction with the state of the firm.

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