Dell Q4 Earnings Soar Past Analyst Forecast
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Dell, the world's second-largest PC maker, enjoyed brisk, double-digit growth in its enterprise, SMB and consumer segments in its fiscal fourth quarter, propelling the firm well past analysts' expectations for the period.
Excluding certain items, Dell turned in earnings of 53 cents per share, handily topping a consensus forecast of 37 cents per share, according to polling by Thomson Reuters.
Dell reported total revenues of $15.7 billion for the quarter, a 7 percent increase from the year-earlier period that was in line with the consensus forecast.
For the fiscal year, Dell turned in total revenues of $61.5 billion, 16.5 percent ahead of fiscal 2009.
"I'm very pleased with our fiscal year results and the strong performance we're seeing in our commercial businesses," President and CEO Michael Dell said in a statement. "We remain focused on developing and acquiring new technologies and capabilities, and our IT solutions portfolio has never been stronger."
Revenue from Dell's large enterprise business saw a 12 percent annual increase in the quarter, while the SMB and consumer segments both jumped 11 percent over the year-earlier period.