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Dell's Q1 Income Triples

5/18/2011 01:25:44 PM Eastern
Round Rock, Texas - Dell's net income tripled in its fiscal first quarter ended April 29.

Net income almost tripled to $945 million during the quarter, up from the prior year's $341 million, based on the strength of its servers and networking products which grew 11 percent during the quarter.

Net revenue in the quarter was $15.0 billion, up 1 percent from the prior year's $14.8 billion in sales.

Desktop PC revenues were down by 8 percent to $3.29 billion during the quarter while mobility products were up 3 percent to $4.7 billion in sales compared with the prior year's opening quarter.

Dell reported that overall consumer revenue was $3 billion, down 7 percent, as demand was softer than expected.

However, profit improved with operating income of $136 million, or 4.5 percent of revenue, benefiting from a simplified brand structure that now includes an improved line of Inspiron, re-launched XPS, and Alienware products, a shift to higher value products, and structural and component cost improvements in the supply chain.
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