Product shipments up 16% on year ago quarter
Dell has reported total revenue of $14.9bn for the fourth quarter of fiscal 2010, an increase of 11% compared to $13.4bn for the same period last year. Revenue improved in all of Dell’s business segments as the company consolidated results from the former Perot Systems.
Gross margin was 16.6% of the revenue. The company posted an operating income of $510m, an increase of 12% compared to $457m for the same period a year ago.
For the quarter ended January 29, 2010, the company posted a net income of $334m, up 5% compared to $351m of the same period last year. Cash flow from operations was $1.3bn for the quarter.
Product shipments increased 16%, led by an 18% rise in the company’s small and medium business unit and a 29% increase in consumer. Notebook shipments were up 32% year-over-year.
The Large Enterprise unit revenue increased by 8% to $4.2bn, Public revenue rose by 16% to $3.8bn, small and medium business revenue increased by 10% to $3.3bn and Consumer revenue rose by $3.5bn, compared to the same period last year.
For the FY10, the company reported total revenue of $52.9bn, a decrease of 13% compared to $61.1bn for the fiscal year 2009. The operating income decreased to $2.2bn from $3.2bn and net income decreased by 42% to $1.4bn from $2.5bn in FY09.
Brian Gladden, chief financial officer of Dell, said: “We achieved solid revenue growth in every part of our business. Our commercial units are well poised for profitable growth as demand continues to return because we’re meeting customer requirements for higher-value, higher-margin servers, storage systems and services. For the full year, we generated $3.9bn of cash flow from operations – more than twice the amount in the prior year.”