US computer giant Dell has seen a 28% rise in quarterly net profit to a record $1.02bn (€818m), despite steep falls in prices of personal computers.

DELL, the world’s largest personal computer maker, yesterday said that sales of personal computers in April overcame weakness earlier in the quarter to help it meet Wall Street’s tightly controlled expectations.

Dell, the world’s biggest maker of personal computers, said yesterday it had won a €525m contract to supply computers and services for Royal Philips Electronics in 60 countries.

DELL INC, the world’s largest personal-computer maker, said second-quarter net income rose 29% as it bolstered sales of servers and printers and expanded outside the US.

The founder of Dell computers, Michael Dell, has said he is to step down as chief executive of his company in July.

Princeton: Dell Inc. founder Michael Dell will hand over the chief executive title to president Kevin Rollins on July 16, giving up some control of the world’s biggest personal computer maker.

Kevin Rollins, president and chief operations officer for Dell has said that Dell remains committed to its operations in Ireland and doesn't foresee any further job cuts.