Dell revenue up 5% in fiscal Q4, 16% for full year
Dell reported fiscal fourth-quarter 2011 revenue of $15.7 billion, a 5% increase compared with the previous fiscal Q4. For its full fiscal year, the Round Rock, TX-based company saw revenue of $61.5 billion, a 16% year-over-year increase.
The technology company generated $927 million in net income in fiscal Q4, a 177% increase compared with the same period of last fiscal year. Dell's net income increased 84% to $2.6 billion for the full fiscal year, which ended January 28.
“It's been a great year. There's a lot to celebrate from fiscal year 2011, and I'm very pleased with our full-year results and the strong performance we're seeing in our commercial business,” said Michael Dell, the company's CEO, on an earnings call. “If fiscal year 2011 was largely about getting operationally fit, then fiscal year 2012 is going to be about leveraging this position of health and strength to move more aggressively and accelerate our transformation as a services and solutions company.”
Fiscal fourth quarter 2011 operating income more than doubled that of 2010's fiscal Q4. Dell posted $1.1 billion in Q4 operating income, a 124% increase year-over-year. Operating income grew 58% year-over-year to $3.4 billion for full fiscal year 2011.
“We had a very strong fourth quarter, and it caps off a solid full year for the company,” said Dell CFO Brian Gladden on an earnings call. “We were vigilant on cost, we reduced complexity and optimized our supply-chain, we expanded our enterprise solutions and services footprint, and we were disciplined on price and sales execution. This quarter's results really speak to the momentum we feel in the business, and we're confident on the sustainability of this performance.”
Revenue from enterprise solutions and services, which accounts for 29% of the company's consolidated revenue, grew 7% to $4.6 billion in Q4. Revenue from the Dell Services division grew 1% year-over-year to $1.9 billion for the quarter.