Dell Reports Better-Than-Expected Profit
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Dell also announced that it would lay off 10 percent of its work force over the next year in order to reduce costs.
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(InfoWorld) - Dell Inc. Tuesday pointed to its adoption of processors from Advanced Micro Devices Inc. (AMD) for pushing it to US$677 million in profit for the third quarter, though the company has delayed reporting final numbers due to an accounting investigation by the U.S. Securities and Exchange Commission (SEC). Dell's preliminary results mark anÂ improvement over the third quarter last year, when it reported $13.91 billion in revenue and a profit of $606 million. Dell reported revenue of $14.38 billion for the quarter, which ended Nov. 3, 2006. Dell did not offer an official comparison to the year-earlier figures, however. Dell reported earnings of $0.30 per share for the third quarter in 2006, beating the estimates of analysts who had expected Dell to earn $0.24 per share on revenue of $14.44 billion, according to a survey by Thomson Financial. The company was scheduled to report its earnings last Thursday, but delayed the move because it was trying to cooperate with investigations by the SEC and the U.S. Attorney for the Southern District of New York. Company leaders had cited the same reason after they missed a deadline for notifying the SEC of their second quarter earnings. They have still not filed that report, called a Form 10-Q. Company executives were not available to comment on the results. The company filed the numbers in a press release only, skipping the traditional conference call with reporters and analysts. Dell pointed to its success in selling computers powered by AMD processors for its impressive numbers. After missing its earnings target for the first quarter, Dell said in May it would finally diversify from selling computers with chips from Intel Corp. Still, Dell is having a rocky year. In June, Chief Executive Kevin Rollins promised to rebound from weak earnings by investing $100 million in customer service and by using fewer rebates in setting PC prices. But in August, Dell was forced to recall 4.1 million defective laptop batteries. Next, Dell acknowledged it was under investigation by the SEC, and, last week, lost its status as world's largest PC vendor to rival Hewlett-Packard Co.(HP). HP turned up the pressure last week when it reported net income of $1.7 billion for the fourth quarter, more than four times its mark for that period last year. Â
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Dell reported on Thursday that second-quarter earnings rose 46 percent, but production delays are preventing the company from growing as quickly as hoped.
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The Michael Dell reformation strategy evidently paid off for his company in the last quarter of the year, according to the first numbers from IDC. Market share has stopped falling, and shipment growth is finally outpacing the average.
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Shares in US computer giant Dell rise 10% in early trade, buoyed by strong earnings news.
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U.S. stocks rose on Wednesday after Dell Inc.  reported better-than-expected earnings, sending technology shares higher a day before the Thanksgiving holiday.
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Dell is both profitable and well regarded, thanks to its habit of delivering serviceable but unexciting products at good prices and supporting them well enough to keep buyers coming back.
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NEW YORK - Dell Inc., the worldâs largest personal computer maker, Thursday posted a higher quarterly profit, helped by market share gains and lower component costs despite slowing demand for corporate PCs.
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Dell Inc. Tuesday pointed to its adoption of processors from Advanced Micro Devices Inc. (AMD) for pushing it to US$677 million in profit for the third quarter, though the company has delayed reporting final numbers due to an accounting investigation by the U.S. Securities and Exchange Commission (SEC).
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Profits at Dell, the world's number two computer maker, soar 46% helped by lower component costs.
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Shares of Dell Inc. DELL.O rose 2.3  percent before the bell on Friday after the computer maker said  it is a year ahead of schedule in its plan to double its annual  revenue to $60 billion.
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SAN FRANCISCO - Dell is winning over Wall Street again - but some of its customers remain unhappy with the beleaguered PC giant. Dell on Thursday reported preliminary revenue of $14.8 billion for the quarter ended Aug. 3, up from $14.1 billion a year ago. The No. 2 PC maker also conceded that a shortage of laptop parts continues to prevent it from filling some orders.
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Puts pressure on pesky pensions HP reported a 26 per cent hike in quarterly profits on Tuesday, underscoring its advantage over Dell.â¦
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DALLAS -- Dell Inc. said its profit surged 25 percent in the third quarter as the world's largest personal computer maker posted record sales due to rising technology spending in the corporate and government sectors in the United States and abroad.
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Dell, the world&#39;s largest personal computer maker, posted a higher quarterly profit Thursday, helped by market share gains and lower component costs despite slowing demand for corporate PCs.
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Dell said it would lay off 78,000 employees throughout all its geographic regions and job functions to reduce costs. At the same time, the company also announced a $759 million in profit for its first quarter of 2008, beating its financial forecast.
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Computer giant Dell sees profits rise 25%despite slowing momentum in the PC market, as laptop sales soar.