Dell reports 16 percent increase in revenue for 3rd quarter
Posted on: Friday, 14 November 2003, 06:00 CST
Dell reports 16 percent increase in revenue for 3rd quarter
LOS ANGELES, Nov. 13 (Xinhua) -- The world's leading computer maker Dell posted on Thursday 10.6 billion US dollars in its net revenue for the three months that ended on Oct. 31, 16 percent higher than in the year-ago quarter.
Dell said its earnings were 26 cents per share for the third quarter, up 24 percent from the same period a year ago.
Despite sharp price competition in the industry and slower than expected declines in component costs, its operating profit was 8.6 percent of the revenue for the second straight quarter, Dell said.
During the third quarter, Dell's overall volume grew by 22 percent, bringing its global market share up 1.5 points. Asia- Pacific led Dell's regional growth with a 35 percent increase, nearly three times the combined rate of other companies.
Dell said its strength in the Asia-Pacific region was most prominent in servers and notebook computers, which grew by 37 and 36 percent respectively.
"Company performance in China was exceptional, including a 67 percent increase in volumes of servers and a 70 percent gain in notebook computers," Dell said in a statement.
Michael Dell, chairman of the board and chief executive officer of Dell, said the company anticipates its fourth quarter shipments will be up more than 25 percent year-on-year, and again outpace the rest of the industry.
He said the company expects a revenue of 11.5 billion dollars, an increase of 18 percent, and earnings per share of 28 cents, up 22 percent.
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