Dell has announced profits of $457.0 million for Q1, beating Wall Street expectations.
For the first quarter of fiscal 2002, Dell posted revenues of $8.07 billion, compared to $8.03 billion in the same period of fiscal 2001. The company cut its operational expenses to $801.0 million from $860.0 million in the same period last year.
Analysts attribute the company’s strong performance to Dell’s strategy of having lower prices than its competitors to gain market share. To make up for lower prices, the company has cut down on its expenses, currently the lowest in its history.
Dell expects to generate revenues of $8.2 billion in the second quarter, an 8% increase from revenues of $7.6 billion during the same period in fiscal 2001.