Dell Inc. (DELL) reported fiscal 4th quarter 2011 and full-year results after the bell, touting its January-ended quarter as one of its “best ever.” GAAP earnings came to 48 cents per share on revenues of $15.69 billion in the quarter. This beat the Zacks Consensus Estimate of 37 cents per share, but missed the revenue estimate of $15.76 billion.
The company saw 7% growth on the enterprise side in the quarter, to $4.6 billion. And while the business PC market has strengthened of late, it still represents just 29% of Dell’s overall mix. The softer consumer PC market accounts for 71% of Dell’s business.
Analysts had shown a positive bias toward quarterly earnings in the past week, with 3 upward revisions pushing the EPS estimate to 37 cents. But investors had been taking a “wait and see” approach before the bell, sending shares down roughly 1.5% during the day before closing the regular trading session at $13.91 (-1.28%).
But after a short recess on DELL trading after the earnings announcement was made, investors clearly like what they see. The stock is up over 5.5% in the after-market. Dell guided fiscal 2012 revenue growth up 5-9%, which is being welcomed in late trading, as well.
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