Dell profit beats Street; 10 pct job cut planned
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Dell Inc. on Thursday reported  quarterly earnings and revenue that topped analysts&#39;  expectations and announced plans to cut about 10 percent of its  work force over the next year.
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Offering a stark counterpoint to rival Hewlett-Packard Co., Dell Inc. (DELL) reported a nearly 30 percent jump in net income as strong sales of printers, servers and notched double-digit gains in overseas markets...
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U.S. stocks rallied further on Friday,  led by computer maker Dell Inc. DELL.O, a day after it  reported a higher quarterly profit and issued an optimistic  forecast.
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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 Inc, the world's second-largest personal computer maker, said on Thursday its quarterly profit rose a higher-than-expected 46 percent as it benefited from lower component costs.
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By Andrew D. Smith, The Dallas Morning News  Feb. 21--Analysts expect disappointing numbers when Dell Inc. announces earnings next week, but they see nothing disappointing about the new hires and initiatives at the company.
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Dell Inc. beat Wall Street predictions in its first-quarter earnings report but said it would eliminate 10 percent of its work force over the next year as part of a broad plan to trim costs and become more competitive with rivals.
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U.S. stocks rose slightly after the open on Wednesday on news computer maker Dell Inc.  reported better-than-expected preliminary earnings, boosting technology shares.
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Dell (Nasdaq: DELL) is giving its corporate customers a break, announcing price cuts on hardware ranging from enterprise servers and workstations, to desktops and notebooks for large business and institutional customers.
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(InfoWorld) - Still gasping fromÂ the resignation of its chief executiveÂ in January andÂ an ongoing investigation of its accounting practices, Dell reported fourth quarter profits of $673 million, down sharply from the $1 billion it reported for the same period last year. Still, the company posted earnings of $0.30 per share, just over Wall Street expectations of $0.29 per share, according to a poll of analysts by Thomson Financial. Dell's fourth quarter revenue was $14.4 billion, falling below analysts' expectation of $14.88 billion and below the $15.2 billion Dell collected for the same period last year. For the third consecutive quarter, Dell filed its numbers as preliminary results, not as the official Form 10-Q that every publicly traded company is required to submit to the SEC. Dell blamed the delay on the accounting investigations by the U.S. Securities and Exchange Commission and the U.S. Attorney for the Southern District of New York. The missing forms could also have pushed Dell closer to being delisted by the Nasdaq stock exchange, which had demanded the forms by March 14. But Dell said a Nasdaq review council had granted it a reprieve Wednesday, holding further action until another hearing on May 4. Although this was the first earnings report since Michael Dell replaced Kevin Rollins as CEO in January, company executives did not hold a customary conference call with reporters and analysts. Dell also failed to sum up its quarterly earnings in a full annual report, saying that the preliminary results for its past three quarters may change if the company is forced to restate earnings as a result of the investigations. In a statement, Dell said he was so disappointed with the results that he had withheld some of the employee bonuses, a savings that added $184 million to the company's operating income this quarter. That gain was offset, however, by $89 million the company spent in handling the accounting investigations. Dell's legal struggles may put an even deeper dent in company books in the long run. In a filing to the SEC on Thursday, the company dismissed the claims as the cost of doing business but warned that potential settlements or court awards could hurt its bottom line. "Dell is involved in various claims, suits, investigations, and legal proceedings that arise from time to time in the ordinary course of its business," the SEC filing reads. "The company could in the future incur judgments or enter into settlements of claims that could adversely affect our operating results or cash flows in a particular period." Dell saw a major change in sales patterns as the fourth quarter marked the first time in company history that Dell shipped more computers to customers outside the U.S. than to domestic addresses. The company still pulled 54 percent of its revenue from the U.S., but that balance continues to shift. In another trend, Dell's revenue dropped for both desktops (down 18 percent by units year over year) and notebooks (down two percent by units), its two biggest product sectors. The company made up some of the deficit with a rise in revenue from the server, storage, and services divisions. Hoping for a rebound in his fortunes, Michael Dell said he will continue to strengthen his management team and eliminate redundancies in a corporate transformation. Dell also hopes to shorten product development cycles and adopt the company's manufacturing and distribution models to reach more customers in emerging markets, a strategy he says will rebuild his company as "Dell 2.0." But he warned that those changes would not produce profits overnight. "The company is focused on transformational efforts that are designed to yield improving operating results.... In the next several quarters, however, the company expects that growth and margins will continue to be under pressure as it implements and refines these actions," the company said. This story was updated on March 1, 2007
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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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Business & money: World's second largest PC maker reports first-quarter profits above Wall Street expectations, then announces layoff equivalent to 10% of its workforce.
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Dell Inc. DELL.O, the world's  largest personal computer maker, on Thursday posted a higher  quarterly profit, aided by market share gains and lower  component costs that fueled solid growth as rivals weakened.
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Dell Inc. , the world's  second-largest personal computer maker, reported on Tuesday  quarterly earnings per share that topped Wall Street's average  estimate, sending its stock up nearly 10 percent.
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NEW YORK, November 12  - Dell Inc (DELL.NAS), the world&#39;s largest PC maker, has reported 25% growth in its third-quarter profits this year, boosted by continued market share gains and reduced PC component costs.
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Computer giant Dell sees profits rise 25%despite slowing momentum in the PC market, as laptop sales soar.
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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.