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Dell Posts Record Q1 Sales

Round Rock, Texas — Dell reported record fiscal first-quarter revenue of $16 billion, up 9 percent year over year.

Its net income for the quarter, which ended May 2, also increased compared to the prior year, up 4 percent to $784 million.

Dell said its product shipments increased 22 percent overall in the quarter, with servers growing 21 percent.

The company said notebook units grew 43 percent year-over-year with revenue growth of 22 percent. Desktop PCs saw revenue growth of 5 percent year-over-year.

“We are executing on all points of our strategy to drive growth in every product category and in every part of the world,” said Michael Dell, chairman/CEO. “These results are early signs of our progress against our five strategic priorities. Through a continued focus, we expect to continue growing faster than the industry and increase our revenue, profitability and cash flow for greater shareholder value.”