Dell has announced its 4th quarter the quarter ending February 1, Dell turned in revenues of $8.1bn, a 7.1% drop on the year. Operating income was up 22.7% to $594m, while net income was $456m, up 5%, delivering earnings per share of $0.17.
Dell has announced its 4th quarter the quarter ending February 1, Dell turned in revenues of $8.1bn, a 7.1% drop on the year. Operating income was up 22.7% to $594m, while net income was $456m, up 5%, delivering earnings per share of $0.17. The company also said it was considering ways of expanding its services capabilities and said it expected to realize a revenue run rate of $1bn a year through its alliance with high end storage vendor EMC. At the same time, Dell said it expected to be able to capitalize on an eventual move by corporates to upgrade an installed base that is becoming ever more advanced in age.
Commenting on the results Dell said its industry-best operating efficiency again helped the company simultaneously provide customers with exceptional value and achieve improved, leading operating profitability during the fiscal fourth quarter, which ended Feb. 1.
Analysts said Dell gained almost three points of worldwide market share in servers from the year-ago quarter, and more than five in the United States. The company significantly exceeded overall industry growth rates in strategically important markets such as China, Germany and Japan.
As anticipated, Dell reported quarterly net earnings of $456 million, or 17 cents per share, compared with $434 million, or 16 cents per share, last year. Excluding charges, year-ago per-share earnings were 18 cents. Revenue for the most recent period was $8.1 billion. Results exceeded original company guidance, primarily because of a stronger-than-planned performance by Dell’s profitable, fast-growing consumer business.
Full-year net earnings were $1.25 billion versus $2.18 billion in fiscal 2001. Absent charges, earnings for fiscal 2002 were $1.78 billion, or 65 cents per share.
As our industry moves into a new stage of consolidation, the opinions that still matter most belong to customers,said Michael Dell, the company’s chairman and chief executive officer. The pace with which they’re choosing Dell products and services accelerated last year, and puts us in a stronger competitive position than at any time in our history.