Dell 2010 Annual Report Download - page 116

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Table of Contents
DELL INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 18 — UNAUDITED QUARTERLY RESULTS
The following tables present selected unaudited Consolidated Statements of Income for each quarter of Fiscal 2011 and Fiscal 2010:
Fiscal Year 2011
First Second Third Fourth
Quarter Quarter Quarter Quarter
(in millions, except per share data)
Net revenue $ 14,874 $ 15,534 $ 15,394 $ 15,692
Gross margin $ 2,516 $ 2,586 $ 3,003 $ 3,291
Net income $ 341 $ 545 $ 822 $ 927
Earnings per share:
Basic $ 0.17 $ 0.28 $ 0.42 $ 0.48
Diluted $ 0.17 $ 0.28 $ 0.42 $ 0.48
Weighted-average shares outstanding:
Basic 1,961 1,952 1,939 1,924
Diluted 1,973 1,960 1,949 1,938
Fiscal Year 2010
First Second Third Fourth
Quarter Quarter Quarter Quarter
(in millions, except per share data)
Net revenue $ 12,342 $ 12,764 $ 12,896 $ 14,900
Gross margin $ 2,168 $ 2,391 $ 2,233 $ 2,469
Net income $ 290 $ 472 $ 337 $ 334
Earnings per share:
Basic $ 0.15 $ 0.24 $ 0.17 $ 0.17
Diluted $ 0.15 $ 0.24 $ 0.17 $ 0.17
Weighted-average shares outstanding:
Basic 1,949 1,955 1,956 1,957
Diluted 1,952 1,960 1,966 1,971
NOTE 19 — SUBSEQUENT EVENTS
In February, 2011, Dell completed its acquisitions of Compellent Technologies, Inc. ("Compellent"), a provider of virtual storage
solutions for enterprise and cloud computing environments, and SecureWorks Inc. ("SecureWorks"), a global provider of information
security service, for approximately $938 million and $612 million, respectively. Both Compellent and SecureWorks will be integrated
into Dell's Commercial segments. Because the acquisitions have recently closed, Dell has not completed the purchase accounting and
initial purchase price allocation for these acquisitions. Dell expects to complete the purchase accounting and initial purchase price
allocations in the first quarter of Fiscal 2012.
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