SAN FRANCISCO (05/11/2000) - Dell Computer Corp. topped Wall Street expectations with a strong first-quarter financial performance, which was buoyed by a 51 percent hike in sales of servers, workstations and other enterprise systems, the company said today.
Net revenue for the first quarter of fiscal 2001 ended April 28, 2000, increased 31 percent, to US$7.3 billion, Dell said in a statement issued today.
Net income grew 21 percent to $525 million, or 19 cents per share, compared with $434 million, or 16 cents per share, in the first fiscal quarter of 2000.
Financial analysts had expected Dell to profit by 16 cents a share, according to First Call/Thomson Financial.
(More details to follow.)
Dell, based in Round Rock, Texas, can be reached at +1-512-338-4400 or via the Internet at http://www.dell.com/.