Riding a cycle of corporate PC and server upgrades, Dell reported stronger-than-expected first-quarter results.
The company reported net income of $441 million, or 22 cents a share, on revenue of $14.87 billion, up 21 percent from a year ago (statement). Given HP's strong results, Dell's earnings weren't that much of a surprise. Dell's non-GAAP earnings were 30 cents a share. Wall Street was expecting Dell to report earnings of 26 cents a share on revenue of $14.27 billion.
As for the outlook, Dell said that the second quarter is likely to resume normal seasonal … Read more