Wednesday, May 23, 2012

techPowerUp!: (PR) Dell Reports First Quarter Financial Results

techPowerUp!
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(PR) Dell Reports First Quarter Financial Results
May 22nd 2012, 21:58

Dell announced its fiscal 2013 first quarter results today, continuing to show progress in its move to being a total enterprise services and solutions provider. Revenue for the quarter was $14.4 billion, with GAAP operating income of $824 million, and earnings of $0.36 per share. "We're committed to continuing our strategy to re-shape Dell's business as an end-to-end IT provider," said Michael Dell, chairman and CEO. "We saw continued progress in our first quarter with the innovative IT solutions we're providing - notably our latest Dell servers, storage, networking and services that deliver customers enhanced productivity." "We continued to shift the mix of our business during a challenging environment," said Brian Gladden, Dell chief financial officer. "Our enterprise solutions and services businesses now account for 50 percent of our gross margin, and we'll continue to make the necessary investments to maintain our progress."

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