DELL TOPS $18 BILLION IN ANNUAL REVENUE
Internet Sales Rise to $14 Million Per Day; Company Announces 2-for-1 Stock Split
Dell Achieves Top Ten in Fortune List of America's Most Admired Companies
ROUND ROCK, Texas, Feb. 16, 1999 -- Dell Computer Corporation (Nasdaq:DELL),
the world's leading direct computer systems company, today reported earnings per
share rose 55 percent to $0.31 for the fourth quarter ended Jan. 29, 1999. Revenue
increased 38 percent to $5.2 billion, as the company achieved customer sales via
www.dell.com of $14 million per day.
For fiscal 1999, revenue increased 48 percent to $18.2 billion. Earnings per share for
the year were $1.05, a 64-percent increase over last year.
Dell also announced today that its Board of Directors has declared a 2-for-1 stock
split. This split, the company's seventh in the last seven years, will be paid in the form
of a 100-percent stock dividend to be issued on March 5, 1999, to shareholders of
record as of Feb. 26, 1999. All per-share data are presented prior to this split.
(in millions, except per-share data)
Q4
FY'99
Q4
FY'98
Yr. to Yr.
Growth
FY'99
FY'98
Yr. to Yr.
Growth
Net
Revenue
$5,173
$3,737
38%
$18,243
$12,327
48%
Operating
Income
$595
$397
50%
$2,046
$1,316
56%
Net Income
$425
$285
49%
$1,460
$944
55%
Earnings
Per Share
$0.31
$0.20
55%
$1.05
$0.64
64%
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