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Dell Computer Profits Shoot Up

Wed., Feb. 22, 1995, midnight

Profits for Dell Computer Corp. more than tripled in its fiscal fourth quarter on strong sales of notebook and higher-end systems based on the Pentium microprocessor, the company said Tuesday.

For the quarter ended Jan. 29, Dell earned $60.3 million, or $1.36 per share, including a one-time benefit of about $5 million, or 10 cents per share, from an extra month of international operations. That compares with $17.7 million, or 39 cents per share, in the fourth quarter of fiscal 1994.

Sales topped $1 billion for the first time, rising 39 percent from $742.9 million to $1.03 billion.

For all of fiscal 1995, Dell earned $149.2 million, or $3.38 per share, on sales of $3.48 billion. The company lost $35.8 million, or $1.06 per share, on $2.87 billion in sales in fiscal 1994.

In other earnings reports:

May Department Stores Co. said Tuesday its fourth-quarter earnings rose 10 percent.

May earned $401 million, or $1.59 a share, in the quarter ended Jan. 28, compared with $365 million, or $1.44 a share, during the year-ago period.

Revenue rose to $3.95 billion to $3.71 billion.

For the full year, earnings rose almost 10 percent to $782 million, or $3.06 a share, on revenue of $12.22 billion, compared with $711 million, or $2.77 a share, on revenue of $11.53 billion the year before.

Home Depot Inc. had net income of $145.9 million, or 32 cents a share, in the quarter ended Jan. 29, compared with $112.7 million, or 25 cents a share, in the same period a year earlier.

Revenues in the quarter were $3.08 billion, compared with $2.29 billion in the 1993 quarter.

The company has been growing steadily through expansion, but also as its reputation for low prices and good service has increased.

For the full year, Home Depot earned $604.5 million, or $1.32 per share, compared with $457.4 million, or $1.01, a share in 1993.

Sales for the year were $12.48 billion, compared with $9.24 billion in 1993.



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