Dell Computer posted strong fourth-quarter and full-year earnings Thursday on the back of increased shipments worldwide, it said.
Fourth-quarter net income was US$603 million for Dell's fiscal year 2003 fourth quarter, or the period ending Jan. 31, resulting in earnings per share of $0.23. This compares to $456 million in the previous year's fourth quarter. Revenue was $9.74 billion for the fiscal year 2003 fourth quarter, compared to $8.06 billion in the last year's fourth quarter.
The results met the expectations of analysts surveyed by Thomson First Call, who had predicted earnings per share of $0.23 and revenue of $9.73 billion.
For the full 2003 fiscal year, Dell posted net income of $2.12 billion on revenue of $35.4 billion. In 2002, the Round Rock, Texas, company posted net income of $1.78 billion on revenue of $31.2 billion, excluding a special charge tied to job reductions.
Compared to last year's fourth quarter, shipments of PowerEdge servers increased 28 percent, shipments of Inspiron and Latitude notebooks increased 33 percent, and shipments of Dimension and OptiPlex desktops increased 24 percent.
Dell expects earnings per share of $0.23 and revenue of $9.5 billion in the first quarter of its 2004 fiscal year, it said.