Dell reports Q1 FY13 results

Dell has announced its fiscal 2013 first quarter results, continuing to show progress in its move to being a total enterprise services and solutions provider. Revenue for the quarter was $14.4 billion, with GAAP operating income of $824 million, and earnings of 0.36 per share.

Michael Dell, Chairman & CEO said, “We’re committed to continuing our strategy to re-shape Dell’s business as an end-to-end IT provider. We saw continued progress in our first quarter with the innovative IT solutions we’re providing – notably our latest Dell servers, storage, networking and services that deliver customers enhanced productivity.”

Brian Gladden, Chief Financial Officer, Dell said, “We continued to shift the mix of our business during a challenging environment. Our enterprise solutions and services businesses now account for 50 percent of our gross margin, and we’ll continue to make the necessary investments to maintain our progress.”