Dell earnings: Enterprise spending rebounds

Dell beats Wall Street expectations and reports a good fourth quarter due to rebounding enterprise sales. The company is also "cautiously optimistic" about improved commercial IT spending.
Written by Larry Dignan, Contributor on

Dell reported a better-than-expected fourth quarter as enterprise sales rebounded. The company said that it was "cautiously optimistic" that commercial IT spending will improve throughout the year ahead amid "ongoing signs of stabilization".

Dell reported fiscal fourth quarter net income of US$334 million, or 17 cents a share, on revenue of US$14.9 billion, up 11 percent from a year ago. That sales tally was US$1 billion more than Wall Street expected. Non-GAAP earnings were US$544 million, or 28 cents a share, a penny ahead of Wall Street estimates.

For fiscal 2010, Dell reported net income of US$1.43 billion, or 73 cents a share, on revenue of US$52.9 billion, down 13 percent from a year ago (statement).

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