Dell's fourth quarter results were carried by enterprise gear such as servers and networking, but the consumer business tanked.
The company, which recently announced fourth quarter earnings of $530 million, or 30 cents a share, on revenue of $14.31 billion, down 11 percent from a year ago. Non-GAAP earnings in the fourth quarter were 40 cents a share., reported
Wall Street was expecting fourth quarter earnings of 39 cents a share on revenue of $14.12 billion.
For fiscal 2013, Dell reported earnings of $2.37 billion, or $1.35 a share, on revenue of $56.94 billion, down 8 percent from a year ago.
In a statement, Dell CFO Brian Gladden said that software acquisitions, notably Quest, fueled better-than-expected revenue.
Dell declined to provide an outlook for the first quarter or fiscal 2014.
By unit, Dell reported the following:
- Large enterprise delivered operating income of $393 million in the fourth quarter on revenue of $4.7 billion, down 7 percent from a year ago. Server revenue was up 25 percent due to hyperscale servers.
- Public sector revenue was $3.5 billion, down 9 percent from a year ago. Operating income in the fourth quarter fell 25 percent from a year ago to $236 million.
- SMB sales were $3.4 billion, down 5 percent from the fourth quarter a year ago. Operating income was $385 million.
- Consumer revenue tanked in the fourth quarter to $2.8 billion, down 24 percent from a year ago. Dell's operating income was $8 million.