Dell Inc. (DELL), the world's second-largest personal-computer maker, saw first quarter profit climbed 177 per cent to $945m. Non-GAAP earnings were 55 cents a share while revenue eased up 1 percent to $15 billion.
The reason for this soaring profit was due to increased sales to large enterprises which outweighed slow sales in consumer market.
We continue to build momentum with our strategy to expand our enterprise solutions and services business, and it's contributing to our strong financial results, said Dell chief financial officer Brian Gladden.
Dell's earnings report was revealed merely several hours after Hewlett-Packard's dark forecast. HP is also attempting to offset plunging consumer personal computer sales.
Dell's business solutions and services unit booked a 5 per cent sales increase and its storage and networking business saw an 11 per cent rise.