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Best first quarter result for Dell

Dell Computer last night recorded what it described as its best set of first quarter results, as earnings rose 35% from a year earlier to $598m and sales increased 18%.

The profit amounted to 23 cents a share and was in line with the company's own guidance and analysts' forecasts.

Dell's sales in the quarter to May 2 increased to $9.5 billion, operating income increased 37%.

'Dell's unique ability is innovating, integrating and delivering technology with the best possible value, and our execution in those areas has never been better,' said chairman and CEO Michael Dell.