Dell Computer Corp. said fiscal fourth-quarter net income rose 32 percent from a year ago as the PC maker offset weak demand for technology by keeping costs down and gaining market share.
Dell also backed consensus expectations for its first quarter, potentially alleviating concerns that it might need to pull back on its guidance as concerns about war with Iraq and stepped-up efforts by rival Hewlett-Packard Co. to bring its prices in line with Dell’s mounted.
Dell said net income rose to U.S. $603 million, or $0.23 per share, from $456 million, or $0.17 per share a year earlier. Revenue rose 21 percent to $9.74 billion from $8.06 billion in the year-earlier period. Dell has kept costs low by selling directly to customers and keeping inventory down, enabling it to cut prices quickly when the costs of components decline or to respond to competitors. (Reuters)
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