Dell boosts first-quarter sales forecast


Dell boosts first-quarter sales forecast

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

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