A billion here, a billion there - pretty soon it adds up to real money. ',Senator Everett Dicksen (1896-1969)" - 1 "279"
TIN BOX FLOGGER Dell has reported its financial results for the last quarter of 2011 showing a slight increase in revenue but a slump in profits.
The numbers show that Dell increased its revenue by two per cent to $16bn for the fourth quarter of 2011. However, its net income fell 18 per cent to $764m compared to $927m that it saw in the same quarter last year.
Dell said it was the "company's most successful financial year ever" with a full year revenue increase of one per cent to $62bn.
Michael Dell, chairman and CEO of Dell said, "Our customers think of Dell in much broader terms now, trusting us with their comprehensive IT needs, from the data centre to the device. We are more committed than ever to both developing and investing in innovative solutions that deliver greater value and better outcomes for our customers."
Looking at the firm's net income for the fiscal year things look a lot brighter. It saw an increase of 33 per cent to $3.5bn. Dell has put its success down to the enterprise and services part of its business, which saw record revenue of $18.6bn for the year.
Its consumer business didn't have quite the year it hoped for with a decline of two per cent in revenue to $3.2bn and a fall of 43 per cent in operating income to $39 million. Dell blamed the decline on the US market.
"The expanding mix of revenue and earnings from enterprise solutions and services is critical to our future," said Dell CFO Brian Gladden. "Our full-year results are a strong reflection of the significant progress we made this year on our strategic priorities."
Dell said it expects revenue to decline in the first quarter by "approximately 7 per cent sequentially, which aligns with normal seasonality". µ