Dell reports 16% increase in net income

Despite the global economic downturn one group of companies who seem to have remained largely unaffected is PC makers and those around them.  Dell have now released their annual figures and have shown a 16% increase in net revenue and a 22% increase in revenue overall to $15.5 Bn.

Fiscal-Year 2011 Second Quarter Highlights

  • Total revenue in the quarter ended July 30 was $15.5 billion, a 22-percent increase from a year ago.
  • Dell’s commercial business continues to benefit from improved demand across all products and services, and in all geographies as Dell expands its enterprise solutions portfolio. Recently, Dell acquired Scalent, developer of virtual infrastructure management technology, and Ocarina Networks, a leading developer of storage optimization technology. The company also announced an agreement to acquire 3PAR, the leading global provider of utility storage for cloud computing. These moves illustrate Dell’s commitment to build its capabilities for open and affordable enterprise solutions.
  • Dell’s business in emerging countries continued to grow rapidly, with total revenue from Brazil, Russia, India and China (BRIC) up 52 percent to account for 12 percent of Dell’s overall revenue.

                                                                                      Second Quarter

(in millions) FY11 FY10 Change
Revenue $15,534 $12,764 22%
Operating Income (GAAP) $745 $671 11%
Net Income (GAAP) $545 $472 16%
EPS (GAAP) $0.28 $0.24 17%
Operating Income (non-GAAP) $872 $798 9%
Net Income (non-GAAP) $629 $575 9%
EPS (non-GAAP $0.32 $0.29 10%

You only have to look at the number of companies currently innovating, and frankly gambling, on new devices such as tablets to see how these companies are managing to prosper despite tough economic conditions.

One reason for this could be Windows 7 which finally gives IT managers and computer users reason to upgrade their ageing XP hardware.

Michael Dell, CEO said of the results “We continue to strengthen our portfolio of data center solutions at an aggressive pace with the addition of key IP, talent and technology. This quarter’s results are a strong reflection of the progress we’ve made, and we remain very focused on delivering the best possible solutions and services to meet our customers’ IT needs.”


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