Dell Computer Corp. reported a 29 percent surge in worldwide shipments and a 31 percent jump in first-quarter profits to $598 million, or 23 cents per share. That compares to $457 million, or 17 cents per share, a year earlier. Revenue rose 18 percent, to $9.53 billion from $8.07 billion a year ago, roughly matching analysts' expectations.

The company said second-quarter performance should also be strong. Dell expects to earn 24 cents per share in the second quarter, in line with analysts' forecasts.

Dell reported strong sales not only in its core product, personal computers, but also in servers and data-storage equipment. Dell said server shipments jumped 40 percent, more than four times the average of other suppliers. The company said it accounted for almost one-third of U.S. server sales.

Dell said cash and investments at the end of the quarter hit $10.3 billion, a new high, the company said.

By: DocMemory
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