Dell quarterly profits rise 52pc

DELL’S shares fell three per cent yesterday on the back of the computer maker’s quarterly results, which beat profit expectations but delivered a disappointing gross margin increase.

First quarter net profit was up 52 per cent to $441m (£307m) from $290m it reported the year before, while revenue climbed by 21 per cent to $14.87bn, putting it ahead of analyst estimates of $14.27bn.

The group’s adjusted gross margin climbed to 17.6 per cent from 17.4 per cent during the last three months.

The market had predicted it would rise to 17.7 per cent.