Dell: notebook sales up 43 percent

Posted on Thursday, May 29 2008 @ 22:52 CEST by Thomas De Maesschalck

Dell's shares are up almost 8 percent in afterhours trading due to better than expected earnings. The PC giant announced a first quarter net income of $784 million, or 38 cents per share, on a revenue of $16 billion. Net income is up 3.3 percent year-over-year while revenue shot up 9 percent.

Reuters reports analyst expected Dell to report a net profit of 33 cents per share on a revenue of $15.7 billion.

Dell said their financial results were driven by strong demand and lower operating costs. The PC vendor says product shipments increased 22 percent in the quarter, especially notebooks did really well with a 43 percent increase in shipments.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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