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Dell jumps after profit tops estimates and, company makes data-centre headway

Dell.’s shares jumped in late trading after fourth-quarter profit topped estimates and the company made headway in the market for data centres. Excluding some costs, profit was 53 cents in the quarter, which ended Jan. 28, Round Rock, Texas-based Dell said..

Dell, the third-largest personal-computer maker, is counting on a boom in cloud computing to help fuel its next wave of growth. Chief Executive Officer Michael Dell has used acquisitions to offer a broader range of storage, software, security and services, which often carry higher profit margins than PCs. The company expects to keep making deals in a bid to double sales from the data-centre business to US$30 billion.

Source: Bloomberg

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