Dell (DELL $14.33 -1.48) reported second quarter earnings of $0.54 per
share, $0.05 better than the Capital IQ Consensus Estimate of $0.49.
Revenues rose 0.8% year/year to $15.66 billion versus the $15.77 billion
consensus.
In the third quarter, the company said it's expecting revenues roughly flat
sequentially, or ~$15.7 billion versus the $16.21 billion Capital IQ Consensus
Estimate.
Based on consistent execution in the first half of the fiscal year, the
continued management of lower-margin business and a positive mix shift to Dell
intellectual property and higher-valued products, Dell is raising its non-GAAP
operating income growth expectation for fiscal year 2012 to 17% to 23%
year-over-year from 12% to 18% . Based on strategic decisions to redirect
resources from lower- to higher-value solutions and a more uncertain demand
environment, the company also is revising its full-year revenue-growth outlook
to 1-5 percent from the previous range of 5% to 9% (consensus calls for 4.4% rev
growth).






