Dell (DELL) late Tuesday said profit in its most recent quarter nearly tripled, thanks to a boost in corporate spending on computer hardware and demand for its products.
Dell said it earned $927 million, or 48 cents per share, in the fiscal fourth quarte, up from a profit of $334 million, or 17 cents per share, in the same quarter a year ago. Adjusted earnings were 53 cents per share, topping expectations of 36 cents per share.
Revenue was $15.69 billion, up from $14.9 billion. Analysts had expected $15.75 billion in revenue.
The company said it expects revenue growth of between 5% and 9% in the current fiscal year. Wall Street is looking for 5% growth.
Shares of Dell rose 59 cents, or 4.2%, to $14.50 in regular trading on Tuesday; after-hours, the stock slipped 18 cents, or 1.3%, to $13.91.
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