Dell's third quarter results break company records
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SAN FRANCISCO - Dell Inc. continued to outpace the rest of the IT industry in the company's third quarter with sizzling growth in shipments, revenue, and net income adding up to the best quarter yet for the hardware vendor, the company said Thursday.
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NEW YORK - Computer and server maker Dell Inc. said Thursday it is delaying the filing of its full third-quarter results as the company and regulators continue to investigate some of its accounting practices.
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Microsoft posted a record $16.4 billion in revenue during the company's second business quarter, shattering its previous record by $2 billion. The software giant also blew away Wall Street expectations by recording a 92 percent rise in quarterly earnings in comparison with the year-earlier period.
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Just two weeks afterÂ revealing that some employees had falsified corporate revenue to meet earnings targets, Dell reported a profit of $733 million for its fiscal 2008 second quarter, up 46 percent from its mark of $502 million for the same period last year.
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AUSTIN, Texas _ Dell Inc. expanded its share of the personal-computer market in the third quarter, taking advantage of its traditionally strong commercial sales in the period to extend its lead over rival Hewlett-Packard Co.
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(InfoWorld) - Just two weeks afterÂ revealing that some employees had falsified corporate revenue to meet earnings targets, Dell reported a profit of $733 million for its fiscal 2008 second quarter, up 46 percent from its mark of $502 million for the same period last year. The strong result was driven by sales to enterprise customers, an increase in the selling prices of Dell PCs, and a drop in component costs, the company said. Dell recorded revenue of $14.8 billion for the quarter ending Aug. 3, generating earnings of $0.32 per share. Both figures were above Wall Street expectations of $14.63 billion revenue and $0.30 earnings per share, according to analysts surveyed by Thomson Financial. However, Dell warned investors to be cautious when comparing the figures to past quarters because the company plans to restate its earnings for the past four years. Dell plans to revise its quarterly and annual financial statements for fiscal 2003, 2004, 2005, 2006, and the first quarter of 2007. The company also plans to share a number of earnings reports it delayed filing during its internal investigation of the accounting fraud, including the last three quarters of fiscal 2007 and the first quarter of fiscal 2008. The Nasdaq stock market has given Dell a deadline of Nov. 12 to file those reports in order to meet requirements for a publicly traded stock. In addition, the U.S. Securities and Exchange Commission (SEC) plans to continue its own investigation of Dell's bookkeeping practices. Dell's accounting problems were more than a mere distraction, costing the company $59 million to pay for its internal audit over the past quarter. Also detracting from its profit was $102 million in stock option payments, the company said. Despite its troubles, Dell is making progress on a long-term plan to reduce its operating expenses, CEO Michael Dell said in a statement. The company will do that through layoffs, improved productivity, and investments in its infrastructure. In May,Â Dell announced it would lay off 8,800 people, about 10 percent of its workforce. Over the past quarter, the company has made a series of acquisitions, includingÂ ASAP Software, SilverBack Technologies, andÂ Zing Systems. In recent months, Dell has also made a major change in its business plan by augmenting its online direct-sales model with deals to sell its PCs through retail partners such as Wal-Mart in North America and South America, Bic CameraÂ in Japan, and Carphone Warehouse in the U.K.
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Shares of Dell (Quote, Chart) soared 8.5% Friday to their highest level in more than four years, as investors cheered the company&#39;s strong results and bullish outlook.
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SAN FRANCISCO/SEATTLE  - Dell Inc. DELL.O on  Thursday reported a higher quarterly operating profit, but slow  holiday sales and a new growth target that disappointed Wall  Street sent its shares down 3 percent.
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Dell Inc. said that its quarterly profit climbed 25 percent, propelled by an increase in technology spending by American businesses and a surge in sales 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 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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DALLAS -- Dell Inc. said Thursday that preliminary second-quarter earnings jumped 46 percent on stronger sales of enterprise products and services, improved average selling prices and favorable component costs.
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Dell, the No. 2 PC maker, reported sales and profits Thursday that handily beat Wall Street forecasts, and announced it would cut its staff by 10 percent over the next 12 months.
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Dell Inc , the world's second-largest personal computer maker, on Thursday reported higher-than-expected profit as it benefited from lower costs for disk drives, microprocessors and other components.
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Dell had its biggest rally in more than three years and consumers remained confident before the holiday shopping season.
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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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Dell Inc. , the world's second-largest personal computer maker, reported on Tuesday quarterly earnings that comfortably beat analysts' estimates, sending its stock up nearly 10 percent.