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Dell Rides High On Services, Server Sales

Dell Rides High On Services, Server Sales

Friday Aug 20th 2010 by Enterprise Storage Staff

Dell reported strong performance for Q2, beating analysts’ quarterly revenue and earnings estimates and showing growth in the Dell EqualLogic storage portfolio.

Dell beat analysts’ revenue estimates this week, reporting a strong second quarter for fiscal 2011. The company credits its results – including 63 percent revenue growth in the EqualLogic storage line – to a variety of factors, including a continuing corporate refresh cycle that helped cushion slow growth in its consumer business, according to this report from ServerWatch.

“Surging enterprise and public-sector demand for Dell's servers, storage and networking components propelled second-quarter sales at the No. 3 PC maker up 22 percent from a year ago, enough to top Wall Street's quarterly revenue and earnings estimates.

“For its second quarter of fiscal 2011, Dell (NASDAQ: DELL) said sales totaled $15.5 billion, beating analysts' revenue estimates of $15.2 billion, according to Thomson Reuters data. Earnings before one-time charges came in at $0.32 per share, ahead of Wall Street consensus of $0.30 per share.

“On a GAAP basis, income came in 16 percent higher than a year earlier, at $545 million, or $0.28 per share.

“The company said overall revenues from its server and networking lines jumped 35 percent, with blades showing particular growth.

“Storage also saw a healthy increase, rising 13 percent, with Dell's EqualLogic storage products proving especially hot, with revenue growing 63 percent.”

Read the Full "Dell Sees Server, Services Sales Soar" Story at ServerWatch.

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