Dell earnings: Enterprise spending rebounds
Reporting a better-than-expected fourth quarter, company is "cautiously optimistic" that commercial IT spending will improve amid "ongoing signs of stabilization."
Dell reported a better-than-expected fourth quarter as enterprise sales rebounded. The company said that it was "cautiously optimistic" that commercial IT spending will improve throughout the year ahead amid "ongoing signs of stabilization."
Dell reported fiscal fourth quarter net income of $334 million, or 17 cents a share, on revenue of $14.9 billion, up 11 percent from a year ago. That sales tally was $1 billion more than Wall Street expected. Non-GAAP earnings were $544 million, or 28 cents a share, a penny ahead of Wall Street estimates.
For fiscal 2010, Dell reported net income of $1.43 billion, or 73 cents a share, on revenue of $52.9 billion, down 13 percent from a year ago (statement).
Read more of "Dell earnings: Enterprise spending rebounds"at ZDNet's Between the Lines.