Dell Jumps on Improved Margins (DELL)

Shares of Dell Inc. DELL are spiking higher in the after-hours trade after the company reported better than expected EPS. Currently, DELL is higher by 5.22%, trading at $16.73; they closed the regular session lower by 0.62%, at $15.90. The company said that Q1 EPS came in at $0.55 per share on revenues of $15.02 billion; the Street was looking for $0.44 on revenues of $15.41 billion. Revenues increased 1.0% year over year. Gross margins soared to 22.9%, from $16.9%. Revenues from the mobility segment increased 3.4%, while revenues grew 5.4% from the large enterprise customer segment and 6.9% for small and medium businesses. Michael Dell, chairman and chief executive officer: "We're off to a solid start in our fiscal year 2012. Our substantial profit increase demonstrates that our strategy is working and our execution is improving." Brian Gladden, chief financial officer: "We continue to build momentum with our strategy to expand our enterprise solutions and services business, and it's contributing to our strong financial results. We have built an $18 billion enterprise solutions and services business with exciting growth potential and our execution in the core client business continues to be very good. We are positioned to continue delivering value to our customers and investors." Dell Inc., is a technology company that offers a range of technology product categories, including mobility products, desktop personal computers, software and peripherals, servers and networking products, storage and services.