Dell's profit rises on improved demand

No. 2 personal computer maker Dell Inc. said on Thursday that quarterly profit rose on improved corporate spending on technology and consumer buying during the holiday season.

The company, based in Round Rock, Texas, said net profit rose to $749 million, or 29 cents a share, in the fiscal fourth quarter ended Jan. 30, from $603 million, or 23 cents a share, a year earlier.

The company said revenue increased to $11.51 billion from $9.74 billion a year earlier.

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That compares with analysts' expectations for revenue of $11.51 billion and earnings of 28 cents per share, according to Reuters Research, a unit of Reuters Group Plc.

Dell, which lost its spot as the No. 1 PC maker during the fourth quarter to Hewlett-Packard Co., said it expects shipments to rise more than 20 percent during the first fiscal quarter.

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The company said it sees first-quarter revenue of $11.2 billion and earnings per share of 28 cents per share.

That compares with analysts' expectations for first-quarter revenue of $11.22 billion and earnings per share of 28 cents, according to Reuters Research.