Updated from 6:32 p.m. EDT
proves to be the exception to the rule.
While competitors such as
have thrown up their hands and warned of flagging revenue and profits amid weak demand for computers, today the Austin, Texas-based boxmaker said it is raising revenue and profit guidance for its fiscal second quarter ending Aug. 2.
In after-market trading, Dell, which closed the regular session up 26 cents, or 1.1% to $23.93, was up 6.2% to $25.41.
The company said revenue will reach $8.3 billion and 19 cents per share, above a forecast it issued May 16 for $8.2 billion and 18 cents per share. Currently, analyst consensus estimates are in line with Dell's earlier projections, according to Thomson Financial/First Call.
"They've been making public comments that they've been gaining share and business is doing well, within a weak demand environment. That's the way to view it -- though the market, I'm sure, won't," said Lehman Brothers analyst Dan Niles. "It's fairly Dell-specific in terms of them beating numbers. They're doing what they do best, which is continuing to gain market share. I wouldn't expect
to come out soon and preannounce."
Dell said it raised guidance because of broad-based strength in its business, helped along by growth in the U.S. education, government and consumer business segments.
The new numbers represent a gain of about 9% in revenue and 19% in earnings from a year ago, excluding a special charge.
The company also said its operating profit as a percentage of revenue would be up sharply from the most recent and year-ago quarters.
It will deliver financial results for the quarter on Aug. 15.