Dell's Sales Get by Target

Updated from 6:20 p.m. EDT

SAN FRANCISCO -- Dell (DELL) grew its bottom line by 46% in the second quarter, giving the PC maker back-to-back beats over Wall Street estimates.

CEO Michael Dell said the results showed the company was making progress in its turnaround, although he said the company is still in the early stages of transforming its structure, cost and operations.

"We continue to invest in company initiatives that align our products and services around customers' needs in order to drive long-term, sustainable performance," Dell said in a statement.

But despite the small signs of improvement, Dell's results continue to lag that of its competitors. And Dell projected that its operating results will vary going forward as the company continues to overhaul its business.

The Round Rock, Texas, computer seller once again skipped the post-earnings conference call and provided only limited financial results (no balance sheet or statement of cash flow) as it wraps up an accounting review which will result in up to $150 million in restatements over the past four years.

However, Dell said Thursday that it will end its nearly year-long reign of silence in November, when it hosts a "strategy call" following its third-quarter earnings report.

Shares of Dell were up 17 cents at $28.63 in extended trading.

Dell said revenue in the three months ended Aug. 3 totaled $14.8 billion, up 5% from this time last year, and slightly ahead of the $14.6 billion expected by analysts.