Dell posts US$603mil profit, record fourth-quarter sales

  • Business
  • Saturday, 15 Feb 2003

NEW YORK: Dell Computer Corp, one of the leading barometers of the global computer industry, has reported record fourth-quarter revenue and sharply higher profits as sales of servers and storage devices surged. 

For its fiscal fourth quarter ended Jan 31, the world’s No. 2 personal computer (PC) maker earned US$603mil, up 32% from a net income of US$456mil in the same period a year ago. 

The income worked out to 23 US cents per share, up from 17 cents in the same quarter last year. 

Total revenue came in at US$9.7bil for the quarter, an increase of 21% from US$8.1bil in the previous corresponding period. The performance, which the company said was a record for the fourth quarter, matched sale projections issued in October. 

For the year, Dells' earnings were US$2.1bil, up nearly 15% from US$1.8bil in fiscal 2002. Sales for the year totalled US$35.4bil, compared with US$31.2bil in the previous year. – AP  

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