Dell boosts first-quarter sales forecast

Dell boosts first-quarter sales forecast

Citing growth in markets outside the US, Dell has raised its first-quarter sales forecast and said it would significantly increase its stock repurchases.

The PC maker now expects first quarter sales to be $US11.4 billion, $US200 million higher than the forecast it gave when it announced its fourth-quarter results in February.

Dell's first quarter includes February, March and April. The company is scheduled to announce its earnings for the period on May 13. Wall Street had been expecting Dell's first-quarter revenue to be $US11.24 billion, according to a consensus estimate compiled by Thomson First Call.

Demand from outside the USis driving Dell's higher revenue, the company said.

All Dell products were selling well, but sales growth was strongest for servers, storage systems, professional services and printing and imaging, Dell said.

Dell did not change its first-quarter earnings forecast.

As a result of its strong operating results and cash generation, Dell will increase its stock buy-back activity, it said. The company planned to spend about $1.1 billion in the first quarter to repurchase Dell shares, up from a planned $600 million at the start of the quarter, the company said.

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