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Dell Q2 Revenue Up 20 Percent
Aug 13, 2004
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Computer maker Dell announced favorable results for the company's fiscal second quarter 2005, which ended July 30.

Dell reported that revenue for the quarter was U.S. $11.7 billion, a company record and 20 percent higher than in the same quarter a year ago. Sales in Europe, the Middle East, and Africa and in Asia-Pacific and Japan rose 30 and 29 percent, respectively. Combined revenue for enterprise systems, including servers and storage systems, accounted for 22 percent of overall sales, matching a company high.

Earnings per share were $0.31, 29 percent higher and also a Dell record. Results were consistent with revised company guidance in mid-July, which included an increase in earnings expectations.

"We start with the marketplace advantage of a more efficient, more customer-focused way of doing business," said Kevin Rollins, Dell's CEO. "And our global team is consistently disciplined in applying that business model. Like our shareholders, our expectation is for volume and share growth along with solid profitability. Those objectives aren't mutually exclusive."

According to Mr. Rollins, Dell's third-quarter product shipments should be 21 percent higher than in the same year-ago period. Such growth is expected to produce quarterly revenue of about $12.5 billion, up 18 percent, and earnings per share of $0.33, a 27-percent increase.

In the most-recent quarter, operating expenses were 9.6 percent of revenue, equaling a company low. Operating profit as a percent of revenue was 8.6 percent, up from 8.4 percent in the year's first quarter. Dell said it generated more than $700 million in cash from operations during the period, at the end of which company cash and investments totaled $11.8 billion.

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