Dell’s report on May 18, 2011, came on the heels of earnings from Hewlett-Packard, which earlier in the day lowered its forecast for the year on weak personal computer sales, trouble in its dell inspiron 1200 battery services division and the impact of the Japanese earthquake in March.
For Dell, sales of servers, computers and storage devices to businesses continued to help it offset weaknesses that have plagued its Dell inspiron b130 battery consumer business the last few years. The company reported net income nearly tripled to $945 million, or 49 cents a share, from $341 million, or 17 cents a share.
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Revenue rose 1 percent to $15 billion.
Analysts had forecast earnings of 43 cents a share, on average, on $15.4 billion in revenue for the first dell d620 battery quarter.
Background
Dell is a computer company founded in 1984 by Michael S. Dell, whose success made him one of the wealthiest men in Texas. From its inception, the "Dell model" became synonymous with efficiency, outsourcing and tight inventories. However, in recent years the company has been plagued by serious problems, including misreading the desires of its customers, poor customer service, suspect product quality and improper accounting.wholesale
In June 2010, documents unsealed in a three-year-old lawsuit against Dell showed that the company's employees were aware that millions of its desktop personal computers sold from 2003 to 2005 were likely to break down. A later filing asserted that Dell had concealed evidence by providing dell inspiron 1525 battery only a snippet of the communications among top executives about the faulty computer problems.
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