Dell profit jumps as computer maker cuts costs

By the Associated Press | May 17, 2011 | 5:30 PM EDT

ROUND ROCK, Texas (AP) — Personal computer maker Dell Inc. says its profit nearly tripled during its fiscal first quarter as its revenue inched upward and it cut costs.

For the three months that ended April 29, Dell earned $945 million, or 49 cents per share, compared with $341 million, or 17 cents per share, a year earlier.

Excluding one-time items, Dell earned 55 cents per share, easily beating what Wall Street expected. Analysts polled by FactSet forecast adjusted earnings of 43 cents per share.

Revenue rose 1 percent to $15.02 billion from $14.87 billion last year, missing analyst estimates for $15.4 billion.

Revenue from large enterprises totaled $4.5 billion, while revenue from small and medium-size businesses totaled $3.8 billion. Public sector revenue was $3.8 billion, and consumer revenue was $3.0 billion.