Dell Is On The Right Track

By Michael Todd
23:50, June 1st 2008
62 votes
Vote this story
Dell Is On The Right Track

Dell, the world’s second largest personal computer maker, announced a first-quarter revenue that significantly exceeded the analysts’ forecasts, making its investors very happy.

The company managed to top the forecast of 34 cents a share on sales of $15.68 billion, finishing with earnings of $784 million or 38 cents a share on $16.08 billion in sales. Analysts based their suppositions on the annual growth of the company’s income, as  Dell, during the same time period a year ago, earned $756 million or 34 cents a share for sales of $14.72 billion.

“We are executing on all points of our strategy to drive growth in every product category and in every part of the world,” said Michael S. Dell, the company’s founder, according to the New York Times.

The end of the first quarter brought another premier, as for the first time the revenue from its international sales managed to be bigger than the one from the United States, with Brazil, India and China increasing the growth with 58 percent.

The growth comes after a rather disappointing financial fourth quarter, and analysts believe that the company’s officials have a lot on their hands in order to keep everything going on the same positive direction.

The company has already announced its plans to reduce the cost of its products by enlarging its Chinese components’ purchases from last year’s $18 billion to $23 billion this year and to $29 billion in 2009.



© 2007 - 2009 - eFluxMedia
Tags: Dell
dotclear

Other News in

Bank of England cuts interest rates to all-time low

London - The Bank of England Thursday slashed interest rates to an historic low of 1.5 per cent in a further effort to soften the impact of a deepening recession. The decision to cut rates by...

Nissan carmaker announces drastic job cuts at British plant

London - Japanese carmaker Nissan Thursday announced major job cuts at a plant in north-east England which accounts for the bulk of British car exports. Nissan said 1,200 jobs would go at its...

Carmaker Audi bucks trend, reports higher sales for 2008

Berlin - German carmaker Audi reported higher sales for 2008 on Thursday, bucking a trend which has seen most of its rivals suffer because of the global economic downturn. The company said it...

Waiting List for DTV Coupons

Waiting List for DTV Coupons

Consumers Union is urging Congress to delay the nation's transition to digital television, because the governmental program that was supposed to help TV viewers prepare for the switch next month has...

Lower Revenue For Intel

Lower Revenue For Intel

Intel has recently announced that it expects a lower revenue this year, as the demand for computers has declined and there’s reduction in inventory among PC makers and other customers. This...

dotclear
Latest videos in Business
Asia telcoms eye 3G, beyond
Business Update: Gloomy jobs...
Fraud scandal - computer boss...
Japan spending slides
Business Update: Stimulus...

dotclear
Business You are here: Business
» World   » Business   » U.S.   
E-mail To A Friend Print RSS Text size: Decrease font size Increase font size
dotclear
dotclear
dotclear
Most Popular in Business
LG And Netflix Take The TV Experience FurtherLG And Netflix Take The TV Experience Further

» read full story
dotclear

Interested In This Topic?

News Alert will keep you informed. Find out more.
dotclear
Photos Gallery
dotclear
Today's Latest News
OLPC Forced to Cut Staff

» read full story
dotclear