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Dell Inc. said its profit surged 25 percent in the third quarter as the world's largest personal computer maker posted record sales due to rising technology spending in the corporate and government sectors in the United States and abroad.
Dell said Thursday that it earned $846 million, or 33 cents a share, compared with $677 million, or 26 cents a share, a year earlier.
The results matched the forecasts of analysts surveyed by Thomson First Call as well as predictions the Round Rock, Texas-based company made in August.
Revenue rose 18 percent to $12.5 billion for the three months ended Oct. 29, up from $10.6 billion a year earlier.
Dell chief executive Kevin B. Rollins said he expected fourth-quarter shipments would be about 20 percent higher than a year ago. He predicted fourth quarter earnings of 36 cents per share, an increase of 24 percent, on revenue of about $13.5 billion, up 17 percent.
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