Dell Post Strong Q1 Profit Results

Dell has just released quarterly figures showing that in the first 3 months of this year, ending May 2nd, Dell has earned $784 million, up from $756 in the same period last year. Revenue for the same period has jumped 9 percent to $16.08 billion, from $14.72 billion.

This has been put down to strong growth of commercial and consumer products and services, and also down to a cost cutting drive the company is currently going through with. Dell aims to knock $3 billion from its costs to regain its market leading status from Hewlett-Packard in the world-wide market.

Shares in Dell have jumped 12 cents today, closing at $21.91, although in extended trading this has risen even further to $23.83.

Chief Financial Officer Donald J. Carty noted that 'U.S. businesses are holding back from spending" on desktops but that sales of servers and data-storage equipment were holding up.'

Mr. Carty also gave figures showing a 43 percent increase in notebook sales from 12 months ago, showing a continuing trend of end users making the switch.

View: Yahoo! News

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