Dell’s net income more than doubles

SEATTLE (AP) — Personal computer maker Dell Inc. said Thursday that its net income for the latest quarter more than doubled as companies spent more to replace aging technology.

Dell’s earnings topped Wall Street’s expectations, and investors sent shares up nearly 6 percent after the results were announced.

Businesses of all sizes, plus government agencies and other public-sector customers, spent more with Dell in the quarter. Large enterprise revenue jumped 27 percent to $4.3 billion from a year ago, and small and medium business increased 24 percent to $3.7 billion. While networking gear maker Cisco Systems Inc. recently reported unexpectedly slow growth in new orders from government customers, Dell said public-sector revenue rose 20 percent to $4.4 billion, with government business steady.

Revenue from consumers, Dell’s smallest customer segment in the quarter, increase 4 percent to $3 billion.

Tags: us business, business, dell, income