Texas based Dell 2Q net income rises 16 percent
UPDATED: Friday, April 13, 2012 - 9:53am
ROUND ROCK, Texas (AP) - PC maker Dell says its net income improved 16 percent in the most recent quarter.
Dell Inc.'s results offer a gauge of the economic recovery in the form of business spending on technology. Companies spent more on servers, storage and computers for employees in the quarter.
That pushed earnings for the world's second-largest computer maker up to $545 million, or 28 cents per share. Revenue rose 22 percent to $15.5 billion. Consumers spent about the same amount on PCs in May through July
as they did a year ago.
Dell's gross profit margin fell to 16.6 percent from 18.7 percent a year ago. That's the percentage of revenue left after
subtracting the cost of making products. Prices remained high for some PC components in the quarter.