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Is Dell on the rebound? Its fiscal third-quarter 2011 profit suggest perhaps it is.
Though the Round Rock, Texas company barely missed on revenue expectations--analysts were looking for revenues between $15.42 billion and $16.02 billion, it came in at $15.4 billion--its profits doubled from the same time last year.
Dell reported today it made $1.02 billion during the third quarter this year, compared to the $577 million of fiscal third quarter 2010. That's equivalent to 42 cents per share, a record for Dell in the third quarter.
The company's large enterprise, small and medium business, and public sector divisions all saw growth greater than 20 percent during the quarter. The consumer business is the only one that continues to lag, growing its revenue just 4 percent.
The consumer unit is undergoing some recent changes, including reshuffling the product line up, and launching a new worldwide branding campaign. There's also been some executive turnover--the former head of the consumer unit who had been transferred to a newly created mobile division, Ron Garriques, will leave the company in January, Dell announced yesterday in an SEC filing.
Dell is forecasting its fiscal 2011 revenue to come in between 14 and 19 percent higher than 2010.
A conference call with analysts, media, and Dell executives is scheduled for this afternoon. We'll update the post as needed.
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Though the Round Rock, Texas company barely missed on revenue expectations--analysts were looking for revenues between $15.42 billion and $16.02 billion, it came in at $15.4 billion--its profits doubled from the same time last year.
Dell reported today it made $1.02 billion during the third quarter this year, compared to the $577 million of fiscal third quarter 2010. That's equivalent to 42 cents per share, a record for Dell in the third quarter.
The company's large enterprise, small and medium business, and public sector divisions all saw growth greater than 20 percent during the quarter. The consumer business is the only one that continues to lag, growing its revenue just 4 percent.
The consumer unit is undergoing some recent changes, including reshuffling the product line up, and launching a new worldwide branding campaign. There's also been some executive turnover--the former head of the consumer unit who had been transferred to a newly created mobile division, Ron Garriques, will leave the company in January, Dell announced yesterday in an SEC filing.
Dell is forecasting its fiscal 2011 revenue to come in between 14 and 19 percent higher than 2010.
A conference call with analysts, media, and Dell executives is scheduled for this afternoon. We'll update the post as needed.
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