News
Dell sees strong Q1
Ben Furfie May 30 2008, 12:00pm
Vendor's laptop division overtakes revenues from desktop sales
Dell has reported strong first quarter sales, boosted by growing revenues from its laptop division and sales from outside the US.
Net revenues were $16.08 billion (£8.5 billion) for the quarter – an increase of four per cent over the same time last year, despite declining consumer confidence. However, much of the growth was driven by the laptop division, with the desktop division seeing a fall of five per cent during the period.
Sales in its mobility group – which includes its laptop division – were $4.9 billion (£2.5 billion), a 22 per cent increase on the same time in 2007; the growth was boosted largely by a shipment hike of 43 per cent. Sales also overtook those from its desktop division for the first time, with it recording $4.7 billion (£2.38 billion) in revenue.
In a conference call with investors, the vendor revealed that much of the growth had come from outside of its core US market, with Brazil, Russia, India and China leading the way with over 73 per cent growth during the period.
Indeed, the information led Dell's president of Asia-Pacific and Japan, Steve Felice to make the prediction that "two-thirds [of sales] could come [from outside the US] in five years."
Source: Reuters
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