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Q2 shipments, revenue, net income all up at Dell

Q2 shipments, revenue, net income all up at Dell

Dell's second-quarter results have again set company records for revenue and unit shipments, as it continues to dazzle investors and observers with its streak of positive earnings results amid a difficult economy.

For the period ending August 1, Dell posted revenue of $US9.78 billion, as compared to revenue of $US8.46 billion in the second quarter of 2002.

Shipments were up 27 per cent across all of Dell's product lines, led by a 46 per cent increase in shipments to Asia-Pacific.

The company earned $US621 million in net income, up from $US501 million in last year's second-quarter. Earnings per share were $US0.24, in line with analyst expectations as surveyed by Thomson First Call.

Shipments of Dell servers were up 27 per cent and shipments of storage systems rose 46 per cent.

The company had focused much attention recently on growing its server and storage businesses, though sales of PCs were also strong, said the company's chairman and chief executive officer, Michael Dell.

Dell has been quiet with its consumer efforts as the back-to-school shopping season reaches full swing in the US, but that didn't mean the company had forgotten consumers, Dell said.

Consumer shipments in the US. rose 47 per cent in the second quarter, buoyed by sales of Inspiron notebooks, which were up 70 per cent, he said.

Dell took a jab at HP's launch announcement of more than 150 products, lastw eek.

"The most important measure of success is, do people actually buy what we're selling? We don't feel compelled to put out a whole lot of announcements just to put out announcements," he said.

The third quarter should be just as strong, Dell said. The company predicted a 25 per cent increase in unit shipments during the upcoming quarter, and said revenue should top the $US10 billion mark in that quarter.


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