Dell sees revenue growth in line with analyst forecasts
By APWednesday, June 23, 2010
Dell sees revenue growth in line with forecasts
AUSTIN, Texas — Dell says it expects revenue in the fiscal year through January to rise 14 percent to 19 percent from the previous year, in line with analyst forecasts.
Analysts surveyed by Thomson Reuters had been expecting a 16 percent jump to $61.5 billion.
Dell said Wednesday that its outlook was based on companies and consumers buying new personal computers to replace old ones and its growing enterprise solutions business.
The announcement comes ahead of a meeting with analysts Thursday.
The computer maker also said it expects adjusted operating profit to rise 18 percent to 23 percent and that cash flow from operations will exceed its net income for the year.
Dell shares were flat in after-hours trading Wednesday, after closing up 2 cents at $13.82.
