SAN FRANCISCO (08/10/2000) - Dell Computer Corp. Thursday announced strong second-quarter results for fiscal 2001, citing the company's enhanced range of product offerings and good deals on components as key contributory factors to its success.
For the period ended July 28, the PC vendor recorded net income of US$603 million on net revenue of $7.7 billion, increases of 19 percent and 25 percent, respectively, on the year-ago quarter, according to a company statement.
Dell beat analysts' estimates by a hair, reporting earnings per share of 22 cents. An average of the estimates of 25 analysts polled by First Call/Thomson Financial gave an earnings-per-share prediction for Dell of 21 cents.
"Our second-quarter results and expectations for strong industry demand in the second half of the year keep us on track toward our goal of 30 percent full-year sales growth," Michael Dell, company's chairman and chief executive officer, said in the statement. He added that there was plenty of room for growth in all the vendor's product and regional markets.
Dell's results were released after the markets closed Thursday. The company's share price ended the day's trading at $41.75 down 0.15 percent from the close of play Wednesday.
Dell, based in Round Rock, Texas, can be reached at +1-512-723-5512 or via the Internet at http://www.dell.com/.