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Dell reports fifth quarter of growth.

Top personal computer company Dell has reported its fifth consecutive quarter of year-onyear profit improvement, posting a 24 per cent increase in profits. During its second quarter, Dell earned $621 million (pounds 388 million) to meet the consensus estimate of Wall Street analysts on a per-share basis.

Sales came in at $9.78 billion (pounds 6.1 billion), slightly more that the $9.77 billion (pounds 6 billion) consensus estimate.

During the same period a year ago, Dell earned $501 million (pounds 313 million) with sales of $8.46 billion (pounds 5.2 billion).

'Our growth is coming from a multitude of areas,' said chief executive Michael Dell. 'We had very high growth in global markets and we're still growing in the US.'

Mr Dell added that he expects his namesake company to see more growth in many of its more-profitable businessproduct segment.

Dell officials said shipments of its OptiPlex and Dimension desktop computers rose 25 per cent, while server shipments rose 27 per cent over the year-ago period. Revenue from external storage systems rose 46 per cent to more than $1.5 billion (pounds 937.5 million).
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Title Annotation:Business
Publication:The Birmingham Post (England)
Date:Aug 16, 2003
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