Computer maker Dell’s fourth quarter net profit in 2010 nearly trebled to $927 million (£573 million) from $334 million reported over the same period last year.
Net profit for the year nearly doubled to $2.6 billion from $1.4 billion reported in 2009.
Dell attributed higher profits to falling component costs and bigger spending by corporate to replace there information technology infrastructures.
The computer maker has projected higher profits for 2011, although analysts question the rationale behind the numbers.
Andrew Deng – analyst with Taiwan International Securities said: “Dell’s positive outlook is a plus for its suppliers’ businesses, but their share price will still be weighed on by rising costs and thinning margins”.
Dell has projected a revenue growth of 5%-9% in the current financial year.
The company has off late been trying to shift focus from the stagnating PC market to the storage and rapidly emerging cloud computing market.