Dell jumps to $ 927 mn profit in Q3

New York, Feb 16: Personal computer maker Dell Inc has reported a nearly three-fold jump in its net income to $ 927 million for the three-month period ended Jan 28, 2011 benefited from lower component cost and strong sales to corporate customers.

In 2010, the company had a net income of $ 334 million, Dell said in a statement. The company's revenue rose to $ 15.69 billion in the fourth quarter of FY11 from $ 14.9 billion in the same quarter a year-ago. Thus, registering a gain of 5 percent.

Dell's robust quarter numbers were lifted by strong sales to corporate customers, who have been replacing older PCs with new models running Microsoft Corp's Windows 7 software.

Besides, the company also gained from smart performance of emerging countries. It also got a boost from lower costs of components like memory chips and LCD screens.

"I'm very pleased with our fiscal year results and the strong performance we're seeing in our commercial businesses," the company's chairman and CEO Michael Dell said.

He further said, "We remain focused on developing and acquiring new technologies and capabilities, and our IT solutions portfolio has never been stronger. Customers are now seeing Dell in a fresh light, and we're heading into the New Year with strength and optimism."

PTI