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Dell reports 18% rise in revenue

Dell Computer has reported an 18% increase in revenue for its first financial quarter, citing strong demand for its Intel-based...

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Dell Computer has reported an 18% increase in revenue for its first financial quarter, citing strong demand for its Intel-based servers and storage equipment.

Net earnings for the period, ending 2 May, reached $598m (£369m) compared with last year's net earnings of $457m.

Revenue came in at $9.5bn, up from $8.1bn the previous year.

The computer maker cited growth and profitability in all regions and for all product lines and predicted that strong second-quarter growth would follow.

It attributed the results to the popularity of standard Intel-based servers as a cheaper alternative to Unix systems from Sun Microsystems and IBM.

"The words and actions of customers are clear. They're recognising the performance and reliability of standards-based enterprise computing, and choosing such servers and storage products at an accelerating rate," chairman and chief executive officer Michael Dell said.

Worldwide product shipments grew 29% from last year. Growth was particularly strong in Asia-Pacific and Japan, where sales climbed 40% to account for 11% of revenue, and in Europe, the Middle East and Africa, where sales grew 29% to make up 21% of total revenue.

Server shipments worldwide increased 40%, while revenue from external storage systems grew 65%.

For its financial second quarter Dell predicted a 15% hike in revenue from a year ago to more than $9.7bn.

 

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