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Dell sees signs of enterprise-spending rebound
The company delivered a better-than-expected fourth quarter, and is 'cautiously optimistic' that commercial IT spending is bouncing back
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 stabilisation".
Dell reported fiscal fourth-quarter net income of $334m (£223m), or 17 cents a share, on revenue of $14.9bn, up 11 percent from a year ago. That sales tally was $1bn more than Wall Street expected. Non-Gaap earnings were $544m, or 28 cents a share, a penny ahead of Wall Street estimates.
For fiscal 2010, Dell reported net income of $1.43bn, or 73 cents a share, on revenue of $52.9bn, down 13 percent from a year ago.
For more on this story, see Dell earnings: Enterprise spending rebounds on ZDNet.com.