Financial: Dell Tops $18 Billion in Annual Revenue; Internet Sales Rise to $14 Million Per Day; Company Announces 2-for-1 Stock Split - Dell Computer - Company Business and Marketing

Edge: Work-Group Computing Report, Feb 22, 1999

Dell Computer Corporation (Nasdaq:DELL), the world's leading direct computer systems company, Tuesday reported earnings per share rose 55 percent to $0.31 for the fourth quarter ended Jan. 29, 1999. Revenue increased 38 percent to $5.2 billion, as the company achieved customer sales via www.dell.com of $14 million per day.

For fiscal 1999, revenue increased 48 percent to $18.2 billion. Earnings per share for the year were $1.05, a 64-percent increase over last year. Dell also announced Tuesday that its Board of Directors has declared a 2-for-1 stock split. This split, the company's seventh in the last seven years, will be paid in the form of a 100-percent stock dividend to be issued on March 5, 1999, to shareholders of record as of Feb. 26, 1999. All per-share data are presented prior to this split.

                      (in millions, except per-share data)

                       Q4 FY'99    Q4 FY'98    Yr. to Yr.
                                                Growth

Net Revenue              $5,173      $3,737       38%
Operating Income           $595        $397       50%
Net Income                 $425        $285       49%
Earnings Per Share        $0.31       $0.20       55%


                          FY'99       FY'98    Yr. to Yr.
                                                Growth

Net Revenue             $18,243     $12,327       48%
Operating Income         $2,046      $1,316       56%
Net Income               $1,460        $944       55%
Earnings Per Share        $1.05       $0.64       64%