Dell doubles quarterly profits to $1.02bn

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Dell has reported it made $1.02bn during the third quarter this year, compared to the $577m in profit it made in the fiscal third quarter for 2010.

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The company barely missed on revenue expectations, it said on Thursday. Analysts were looking for revenue between $15.42bn (£9.59bn) and $16.02bn, but it came in at $15.4bn. Dell's profit, however, doubled from the same time last year.

Its $577m profit is equivalent to 42 cents per share, a record for Dell in the third quarter.

On a call with reporters, the company's chief financial officer Brian Gladden emphasised the improvements Dell had made in the quarter. The company's large enterprise, small and medium-business and public sector divisions all saw growth greater than 20 percent during the quarter. The consumer business is the only one that continues to lag, increasing its revenue just four percent.

For more on this ZDNet UK-selected story, see Dell doubles profit to $1.02 billion on CNET News.

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