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Dell posts 46 percent gain in second-quarter earnings

Dell posts 46 percent gain in second-quarter earnings

Dell Inc. said Thursday that preliminary second-quarter earnings jumped 46 percent on stronger sales of enterprise products and services, improved average selling prices and favorable component costs.
The computer maker said it earned $733 million (euro538.57 million), or 32 cents per share, in the three months ended Aug. 3, compared with $502 million (euro368.85 million), or 22 cents per share, a year ago. Sales rose slightly to $14.8 billion (euro10.87 billion).
The results beat the prediction of analysts polled by Thomson Financial, who expected earnings of 30 cents per share on sales of $14.63 billion (euro10.75 billion).
The report comes as Round Rock-based Dell emerges from a yearlong internal investigation into accounting misconduct.
Dell said it will have to reduce more than four years' worth of earnings by up to $150 million (euro110.21 million) for misleading auditors and manipulating results to meet performance.
"While our results demonstrate we've made progress against our goals, we are still in the early stages of transforming our company's structure, costs and operations," Chairman and CEO Michael Dell said in a statement.


Updated : 2021-05-15 06:11 GMT+08:00