Dell’s Earnings More Than Double on Strong Sales

Could the PC market be looking strong in the year to come? It looks that way if you look into Dell’s earning report that came out this afternoon. Dells expanding strength as an enterprise solutions provider and continued strong execution during the fiscal fourth quarter drove record results and one of the companys most successful financial quarters ever. Revenue in the quarter was $15.7 billion and totaled $61.5 billion for the fiscal year, an $8.6 billion or 16 percent increase from the previous fiscal year, including the impact of acquisitions. For its fiscal-year 2012, Dell expects revenue growth of 5 to 9 percent, non-GAAP operating income growth of 6 to 12 percent, and continued strong execution on cash flow with cash flow from operations exceeding net income. In its first quarter of fiscal-year 2012, Dell expects normal seasonal declines in its consumer and public businesses and, as such, a slight sequential decline in revenue.