Dell increased storage revenues 41% year-over-year. Shipments of servers increased 11% year-over-year, with strong growth in EMEA and APJ. Revenue for enhanced services was up 26%. Revenue for imaging products was up 17% year-over-year as Dell moved its focus from single-function inkjets to color laser and all-in-one inkjet printers. Consumable revenue continued to grow and contribute more to overall imaging revenue, driving stronger profitability.
The transition to mobility products worldwide resulted in revenue increases of 22% on shipment increases of 47%
The Company plans to repurchase at least $1.2 bln in stock during the next quarter.
In review, DELL surpassed my estimates by two cents.
Dell delivered fiscal Q4 EPS of $0.43 per share. Revenues rose 12.8% year/year to $15.18 bln vs. my estimate: $14.83 bln. DELL reported Q4 gross margin 18.4%.
However, the Company issued downside guidance for Q1, seeing their EPS of $0.39-0.41 excluding an estimated $0.03 in stock based compensation. This contrast to my model's $0.42 consensus.
Dell also sees Q1 revs of $14.2-14.6 bln vs. my $14.72 bln forecast.
