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Dell Computer Corp. (Nasdaq: DELL) continued its strong growth in networked storage last quarter, with storage sales up 47 percent year-over-year.
Dell today reported $11.5 billion in overall revenue for its fourth quarter 2003, up 18 percent on 2002's fourth quarter. Its income of $749 million or $0.29 per share (a penny over First Call's consensus) was up 24 percent and 26 percent, respectively, over last year.
For the year, storage accounted for $1.8 billion of Dells total revenue of $41.4 billion. We maintained our considerable momentum in storage, Dell CFO Jim Schneider said in a call with analysts.
The news reinforces a sense of growth in the storage networking market. Dell appears to have benefited from its partnerships with EMC Corp. (NYSE: EMC) and Microsoft Corp. (Nasdaq: MSFT).
Dell sells co-branded versions of EMC's midrange Clariion SAN system and also sells higher-end Symmetrix SAN (see Dell, EMC Talk Turkey) and other EMC products. On Monday, Dell and EMC announced a new line of the Clariion SAN platform. Dell also sells a NAS system based on Microsoft's Windows Storage Server (see Sands Shift Under NAS Market). On its own, Dell manufactures the low-end CX 300 system for small data centers and departmental applications, which is also co-branded with EMC (see Dell Enhances CX Line).
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