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.