Cnet: Dell tallies a record third quarter

My spin: Dell continues to perform remarkably well. Coming soon…the results of the exclusive poll – what matters most to businesses Dell’s low prices or IBM like features at a slight premium
Dell Computer on Thursday said that its performance in the third fiscal quarter was one for the company’s record books.
Quarterly revenue for the Round Rock, Texas, PC manufacturer rose 22 percent year over year, leading to a third-quarter profit increase of 31 percent.
Dell posted net income of $561 million, or 21 cents per share, on record revenue for the company of $9.1 billion for the quarter, which ended Nov. 1. That compares with a profit of $429 million, or 16 cents per share, on revenue of $7.5 billion during the same period in 2001.
The third-quarter 2002 figures for revenue and per-share earnings exactly matched analysts’ expectations, according to a survey by First Call. Those expectations in turn reflected Dell’s own predictions, which the company had increased to those levels at the start of October.