Financial Report Financial reports from the largest companies of the world

Dell with extremely good financial report

The strong performance in corporate sales helped the American company Dell to triple its profits on an annual basis during the first three months of 2011. Despite the best result, however, the report can be seen and negative signals, mainly associated with weak consumer demand, said Reuters. The Dell's profit for the first three months of the year is 945 million dollars, or 49 cents a share, after the same period of last year's positive result was 341 million dollars, or 17 cents per share. The company's revenues increased by 1 percent annually to $ 15 billion. The preliminary estimates of analysts was for earnings of 43 cents per share and revenue of 15.4 billion dollars. The good news for the company's sales of large corporate customers increased by 5 percent to $ 4.5 billion. However, retail sales dropped by 7 per cent.
Good report of Dell was reflected by market participants, after publication of the results of the company's shares rocketed by 6.2 percent to 16.88 dollars per share.