Dell doubles income in third quarter

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Dell has reported record earnings its latest results, with both operating income and revenues exceeding expectations.

The PC maker managed to almost double its operating income for the third quarter of fiscal year 2011, rising from $577 million (£359 million) in the 2010 equivalent quarter to £1.02 billion – a change of 77 per cent.

Revenue was also impressive for the company, with a 19 per cent hike from $12.9 billion to just under $15.4 billion in this most recent quarter.

There were concerns Dell might have suffered due to a drop in public sector contracts, after Cisco was hit hard last week and thrown into a sell-off of company shares.

However, the company has thanked high global demand for commercial products and services, along with solid enterprise sales, for helping it achieve impressive results during a tough economic period.

Michael Dell, chairman chief executive (CEO) at Dell, said: “Our strong results demonstrate that we are listening to customers and delivering what they want.”

“It validates that our strategy to offer choice and efficiency at every level of the IT enterprise computing stack is taking hold, and we are more focused than ever to being a true partner – not merely a provider – to our customers.”

He concluded: “Dell is growing in the right areas, and I’m very excited about our momentum.”

The company has high expectations for its future with “ongoing client refresh among large corporate accounts” and continued growth in the enterprise. In the results filing, Dell said it expected full year revenues to rise between 14 and 19 per cent and operating income to grow to between 28 and 32 per cent.

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