Dell Scores a Growth of 19% On-Year in Q3 of FY 2011

It appears that, even though it had to get over some hurdles around the start of the year, Dell managed to get its revenues to grow by a fair bit during the third quarter of FY 2011.

Dell recently got out of the third quarter of Fiscal Year 2011, so of course it had to give the press an update on its financial status.

Apparently, it actually managed to score a net income that is 51% higher than the one during the previous quarter.

The exact figure is $882 million, which is a solid 144% larger than the one during the third quarter of the previous Fiscal Year.

This number corresponds to a total revenue of $15.4 billion, $4.4 billion of which were delivered by the public business unit.

Said $4.4 billion were 20% more on-year and were followed closely by the $4.3 billion from the Large Enterprise unit and the $3.7 billion of the Small and Medium Business unit.

Basically, the total revenues were 19% more on-year, while the gross margin ended up at 19.5%, 2% more than what analysts had predicted.

"Our strong results demonstrate that we are listening to customers and delivering what they want," said Michael Dell, the company's CEO.

"It validates that our strategy to offer choice and efficiency at every level of the IT enterprise computing stack is taking hold, and we are more focused than ever to being a true partner - not merely a provider - to our customers. Dell is growing in the right areas, and I'm very excited about our momentum."

“Our teams delivered outstanding results in the quarter,” said Brian Gladden, chief financial officer at Dell.

“With solid demand in our commercial segments, we executed well and that led to record profitability for the company and especially in our important enterprise solutions and services business.”

Dell expects its Q4, FY 2011 performance to be even better.