Dell reported record first quarter results last week, with revenues soaring 58% and net income more than doubling.
Revenues for the quarter ended 4 May increased to $2.6 billion (#1.6 billion), compared to $1.6 billion last year. Net income for the period rose 141% to $198 million. Earnings per share increased 157% to $1.08, from $0.42 in the same quarter a year ago.
Dell said it achieved strong sales across all its customer segments and regions in the quarter, citing particular success in its European PC business where revenue was up 38% to $644 million.
The company also reported strong success in its server business, with year-on-year unit growth in the sector rising almost 350% worldwide. Servers now represent slightly more than 6% of all Dell's systems revenues.
Michael Dell, the company's chairman and chief executive officer, commented: "Our first quarter results continue to reflect the competitive strength of Dell's direct business model when combined with solid execution."
However, Dell said that while he was very pleased with the results, he believed the company could do even better. "We are committed to a goal of taking the Dell direct model to the next level, and we believe the Internet and value added services represent excellent opportunities to achieve that goal."
Last week Dell launched its Internet sales programme in the UK. The company's US web site, which was launched last July, is said to generate sales of more than $1 million a day.
In a separate announcement, Dell named Jan Gesmar-Larsen as president of Europe, Middle East and Africa. Larsen was previously president of Europe, Middle East and Africa at Apple. He will join Dell in August.
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