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Dell backs sales outlook


Thursday, April 3, 2003

Dell Computer Corp. backed its outlook for an 18 percent jump in first-quarter revenue, citing demand for its computer products has remained strong.

"We're seeing double-digit year-over-year revenue growth in all regional markets and customer segments," Dell Chief Operating Officer Kevin Rollins said in a statement Wednesday.

Unlike many other technology companies, Dell has increased revenues amid a sharp downturn in technology because of its high-volume, low-cost production and distribution, which enables it to keep prices low and take market share.

Dell said it expects to report earnings for the April-ended quarter of 23 cents a share, with revenue at $9.5 billion, up from earnings of 17 cents per share and revenue of $8.07 billion a year earlier.

Dell's CEO said Wednesday during a presentation to journalists and industry analysts that amid economic turmoil, chief information officers were turning to standardized technology, such as Dell's personal computers and computer servers.

By: DocMemory
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