Dell looks forward to growing demand

Michael Dell has stated that he expects the second half of fiscal 2010 to see growth in demand and sales.

The statement comes after Dell reported revenue growth of 22 per cent during the second quarter and net income growth of 23 per cent.

Product shipments, operating income, gross margin, earnings and revenue all saw rises, while Dell’s ongoing efforts to reduce operating expenses continue to bear fruit.

“We have been reducing complexity in our organization and significantly lowering operating costs, in anticipation of improvement in the global economy and IT spending,” commented Michael Dell in a statement. “If current demand trends continue, we expect revenue for the second half of the year to be stronger than the first half.”

“This quarter again demonstrates the discipline with which we are managing our business and further strengthening our balance sheet,” added Dell CFO Brian Gladden. “The best path for Dell remains one focussed on profitable growth, lower costs and smart use of working capital.”