Dell posts 21% increase in earnings in Q3

Dell on Thursday reported third-quarter earnings of $US677 million, or 26 cents per share. That's up 21% from the $561 million, or 21 cents per share, in earnings the company reported in the same quarter last year.

Dell on Thursday reported third-quarter earnings of $US677 million, or 26 cents per share. That's up 21% from the $561 million, or 21 cents per share, in earnings the company reported in the same quarter last year.

Revenue was $10.6 billion, 16 % higher than the $9.1 billion reported in the same quarter of 2002 and up more than 40 % from the third quarter of 2001. The quarter ended October 31.

Dell cited 35% growth in the Asian-Pacific and European markets as contributing to the increased earnings.

CEO Michael Dell said in a statement that the company anticipates fourth-quarter revenue of $11.5 billion, an increase of 18 % over the same quarter a year ago, and earnings per share of 28 cents, up 22 % over the year-ago quarter.

Dell said it had overall volume growth of 22 % in five strategic markets: China, France, Germany, Japan and the UK

The company said Asia-Pacific and Japan led the company's regional growth with a 35 % increase, nearly three times the combined rate of other companies. Dell's strength in Asia-Pacific and Japan was mainly in servers and notebook computers, which were up 37 % and 36 %, respectively.

Dell said products sold to US consumers increased 28 %, while sales to government agencies and small and medium-size businesses both increased 22 %.

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