Dell Reports Strong Profitability in Third Quarter

(1) Interest and other, net for the three months ended October 29, 2010 includes Dell’s receipt of a $72 million merger termination fee.

     
 
DELL INC.
Condensed Consolidated Statement of Income and Related Financial Highlights
(in millions, except per share data and percentages)
(unaudited)
 
Nine Months Ended % Growth Rates
October 28, October 29,
2011 2010 Yr. to Yr.
 
Net revenue
Products $ 36,981 $ 37,251 (1 %)
Services, including software related   9,059     8,551   6 %

Net revenue

  46,040     45,802   1 %
 
Cost of net revenue
Products 29,168 31,731 (8 %)
Services, including software related   6,446     5,966   8 %
Total cost of net revenue   35,614     37,697   (6 %)
 
Gross margin 10,426 8,105 29 %
 
Selling, general and administrative 6,306 5,325 18 %
Research, development and engineering   620     492   26 %
Total operating expenses   6,926     5,817   19 %
 
Operating income 3,500 2,288 53 %
 
Interest and other, net (1)   (167 )   (65 ) (157 %)
Income before income taxes 3,333 2,223 50 %
Income tax provision   605     515   17 %
Net income $ 2,728   $ 1,708   60 %
 
Earnings per share:
Basic $ 1.47   $ 0.88   67 %
Diluted $ 1.46   $ 0.87   68 %
 
Weighted average shares outstanding:
Basic 1,860 1,950 (5 %)
Diluted 1,874 1,961 (4 %)
 

Percentage of Total Net Revenue:

Gross margin 22.6 % 17.7 %
Selling, general and administrative 13.7 % 11.6 %
Research and development 1.3 % 1.1 %
Operating expenses 15.0 % 12.7 %
Operating income 7.6 % 5.0 %
Income before income taxes 7.2 % 4.9 %
Net income 5.9 % 3.7 %
Income tax rate 18.2 % 23.2 %
 

Net Revenue by Product Category:

Servers and Networking $ 6,116 $ 5,519 11 %
Storage 1,443 1,721 (16 %)
Services 6,143 5,730 7 %
Software and Peripherals 7,664 7,610 1 %
Mobility 14,227 14,121 1 %
Desktop PCs   10,447     11,101   (6 %)
Consolidated net revenue $ 46,040   $ 45,802   1 %
 

Percentage of Total Net Revenue:

Servers and Networking 13 % 12 %
Storage 3 % 4 %
Services 13 % 12 %
Software and Peripherals 17 % 17 %
Mobility 31 % 31 %
Desktop PCs 23 % 24 %
 

Net Revenue by Global Segment:

Large Enterprise $ 13,548 $ 13,121 3 %
Public 12,599 12,878 (2 %)
Small and Medium Business 11,189 10,724 4 %
Consumer   8,704     9,079   (4 %)
Consolidated net revenue $ 46,040   $ 45,802   1 %
 

Percentage of Total Net Revenue:

Large Enterprise 30 % 29 %
Public 27 % 28 %
Small and Medium Business 24 % 23 %
Consumer 19 % 20 %
 

Consolidated Operating Income:

Large Enterprise $ 1,393 $ 971
Public 1,317 1,118
Small and Medium Business 1,253 1,027
Consumer   285     (4 )
Segment operating income 4,248 3,112
Severance and facility actions (19 ) (112 )
Broad based long-term incentives (256 ) (249 )
Amortization of intangible assets (287 ) (264 )
Acquisition-related (186 ) (59 )
Other (2)   -     (140 )
Consolidated operating income $ 3,500   $ 2,288  
 
 
Note: Percentage growth rates and ratios are calculated based on underlying data in thousands.
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10  Next Page »
Featured Video
Jobs
Senior Principal Software Engineer for Autodesk at San Francisco, California
Principal Engineer for Autodesk at San Francisco, California
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Mechanical Engineer 2 for Lam Research at Fremont, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Business Technology Analyst for Surface Water Management at Everett, Washington
Upcoming Events
Dimensions User Conference 2024 at The Venetian Resort Las Vegas NV - Nov 11 - 13, 2024
Greenbuild 2024 at Pennsylvania Convention Center Philadelphia PA - Nov 12 - 15, 2024
Digital Construction North (DCN) 2024 at Manchester Central. Manchester United Kingdom - Nov 13, 2024
Digital Twins 2024 at the Gaylord National Resort & Convention Center in, MD. National Harbor MD - Dec 9 - 11, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise