Holds high hopes for back-to-school season

Dell enteprise profits soar while consumer lags behind

Dell announced record earnings off the back of strong performance in enterprise equipment and service business.

The computer giant’s revenue climbed to $15 billion with net income hitting $945 million, nearly three times the firm’s net income of $341 million in the same quarter a year ago.

The firm continued to experience an upturn in the enterprise and small to medium business units, 11.3 per cent and 7 per cent respectively. However the PC-makers consumer business fell 7 per cent with demand "softer than expected."

Dell chief Michael Dell said: "We’re off to a solid start in our fiscal year 2012. Our substantial profit increase demonstrates that our strategy is working and our execution is improving."

The company was upbeat about the consumer business due to new Intel Sandy Bridge-based systems and the upcoming back-to-school season. A refreshed portfolio of high-end XPS consumer products is also expected to contribute to consumer growth.

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