Dell beat Wall Street expectations with fourth quarter net profits up 24% to $749 million on sales that increased by 18% from $9.7 billion to $11.5 billion. Shipments of desktop PCs grew by 21%, and notebooks and servers by 40%. Dell said "fiscal fourth-quarter 2004 was its best operating period ever. The company achieved record product shipments, revenue, operating and net income, and earnings per share".
For the full year, Dell's profits grew by 25% to $2.6 billion on revenues that grew by 17% from $35.4 billion to $41.4 billion.
Results are here