Dell profit soars 52% on bumper sales

Dell profit soars 52% on bumper salesThe first quarter profit of Dell has improved to 52% as the shipment jumped and revenue grew in each product segment. In after-hours trade, the shares of the computer maker have dropped 5.2%, even as a result of topped analysts' expectations. In the regular session, US stocks closed sharply lower, with the Dow Jones Industrial Average falling by 376 points.

The company along with the main rival Hewlett-Packard is riding a wave of stronger demand for server. Dell has informed that the recent rebound in commercial demand would continue to grow throughout the year.

Dell has also said that the downturn is getting longer for most of the companies in the market. Particularly due to growth of netbook computers with lower average selling prices have weighed on Dell's profitability.

Dell has posted a profit of $US441 million i. e. around $541 million. The stock price of the company has touched US22 cents per share from US15c per share for the quarter ended of April 30th. As the shipment grew up to 20% the revenue has also climbed up by 21% to $US14.87 billion. Revenue increased up to 13% for desktop personal computers.

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