Dell Q3 net income doubles to $822 Million
Friday, 19 November 2010, 22:54 IST
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New York: Computer-maker Dell today reported an over two-fold jump in net income to $822 million for the three-month period ended October 29 on robust growth in commercial and enterprise business, coupled with the strong performance of emerging markets like India. The company's net income stood at $337 million in the corresponding year-ago period, Dell said in a statement. The company's revenue rose to $15.39 billion in the third quarter ended October 29, 2010, from $12.89 billion in the same quarter last fiscal, translating into a 19 percent gain. Dell has registered double-digit revenue growth in all operating regions, with revenue in Brazil , Russia, India and China rising by 30 percent overall, led by a 55 per cent jump in revenue from Dell's India business. "The company continues to expand its presence in these important countries, which now represent 13 per cent of total company revenue," Dell said. In addition, Asia-Pacific and Japan revenue grew by 29 percent, while Dell's Europe, Middle East and Africa revenue increased by 15 percent. Furthermore, revenue from the Americas was up 18 percent. Commenting on the result, Dell Chief Financial Officer Brian Gladden said: "Our teams delivered outstanding results in the quarter. With solid demand in our commercial segments, we executed well and that led to record profitability for the company and especially in our important enterprise solutions and services business." During the quarter, sales of Dell's consumer products rose by 4 percent vis-a-vis the year-ago period to $3 billion, while commercial sales grew 24 percent to $12.4 billion. Revenue from large enterprises climbed 27 percent to $4.3 billion and revenue from the public sector was up 20 percent to $4.4 billion. Revenue from small and medium-size businesses grew 24 percent to $3.7 billion. The computer-maker ended the quarter with cash reserves and investments worth $14 billion.
Source: PTI
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