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Eddy Elfenbein submits: Wow! I mean...wow!

Here are some of Dell's recent numbers:

Quarter.....Sales....Oper. Income.....EPS

1-97.........$2,588.........$198...........$0.0675
2-97.........$2,814.........$296...........$0.0725
3-97.........$3,188.........$346...........$0.085
4-97.........$3,737.........$397...........$0.10
1-98.........$3,920.........$429...........$0.11
2-98.........$4,331.........$483...........$0.12
3-98.........$4,818.........$539...........$0.14
4-98.........$5,173.........$595...........$0.15
1-99.........$5,537.........$600...........$0.16
2-99.........$6,142.........$694...........$0.19
3-99.........$6,784.........$650...........$0.18
4-99.........$6,801.........$513...........$0.16
1-00.........$7,280.........$625...........$0.19
2-00.........$7,670.........$736...........$0.22
3-00.........$8,264.........$818...........$0.25
4-00.........$8,674.........$589...........$0.18
1-01.........$8,028.........$588...........$0.17
2-01.........$7,611.........$545...........$0.16
3-01.........$7,468.........$544...........$0.16
4-01.........$8,061.........$594...........$0.17
1-02.........$8,066.........$590...........$0.17
2-02.........$8,459.........$677...........$0.19
3-02.........$9,144.........$758...........$0.21
4-02.........$9,735.........$809...........$0.23
1-03.........$9,532.........$811...........$0.23
2-03.........$9,778.........$840...........$0.24
3-03.........$10,622.......$912...........$0.26
4-03.........$11,512.......$981...........$0.29
1-04.........$11,540.......$966...........$0.28
2-04.........$11,706.......$1,006........$0.31
3-04.........$12,502.......$1,089........$0.33
4-04.........$13,457.......$1,187........$0.37
1-05.........$13,386.......$1,174........$0.37
2-05.........$13,428.......$1,173........$0.38
3-05.........$13,911.......$944...........$0.39
4-05.........$15,183.......$1,246........$0.43
1-06.........$14,216.......$949...........$0.33
2-06.........$14,094.......$605...........$0.22
3-06.........$14,383.......$824...........$0.30

I'm still working through the numbers (at least, what we have). The big surprise is the increase in Dell's operating margin. It jumped from an awful 4.29% last quarter to a blah 5.73% this quarter. At this point, I think the market will like blah.

dell numbers

Here's Dell's trailing four-quarter earnings-per-share:

dell numbers

Disclosure: Author is long DELL

See also: Dell's Delayed Numbers Were Worth The Wait

Source: Dell's Operating Margins, Sales Show Improvement