ROUND ROCK, Texas -- Dell (NASDAQ:DELL - News) today reported results for its third quarter of fiscal year 2008, with revenue up nine percent year-over-year to a record $15.6 billion, operating income up 13 percent to $829 million and earnings per share of $0.34, a 26 percent increase over the prior year.
Cash from operations totaled $1 billion, while cash and marketable securities at the end of the quarter were $14.6 billion. The company plans to resume its share repurchase program in early December.
We embarked this year on a long-term strategy to re-ignite growth and our Q3 results indicate were making solid progress through investments in five key business priorities consumer, emerging countries, notebooks, enterprise and small/medium business, said Michael Dell, chairman and CEO. Initiatives to simplify IT will drive innovation across all industries, creating new value for customers and shareholders. For consumers we will continue to launch products that set the bar for design, personalization, and price performance and we will make them available in more places than ever before.