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Dell Beats Forecasts

by on28 August 2009

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Shareholders celebrate


Dell's retrenchment policy seems to have finally paid off. Although the outfit is still losing profits its latest figures show that it has lost a lot less than analysts predicted.

Dell reported net income of $472 million for the quarter ended July 31, a 23 percent decline from the $616 million in net income reported in the period last year. If you take out the costs associated with its ongoing restructuring, and divide by your shoe size Dell made some good money even if it declined 22 percent on last year.

Michael Dell was opening the champers yesterday. He said that if current demand trends continue, we expect revenue for the second half of the year to be stronger than the first half. He added that Dell was expanding its capabilities in enterprise technology and services and investing in our core business to distinguish Dell both with customers and in operating performance.

The announcement caused Dell’s stock price to surge nearly 7 percent to $15.65 during the final minutes of trading Thursday.

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