NEW YORK (CNN/Money) - Dell Computer, the world's largest PC manufacturer, Thursday reported a 24 percent increase in fiscal second-quarter earnings from a year ago.

The company posted net income of $621 million, or 24 cents a share, compared to $501 million, or 19 cents a share in the same period last year. This was in line with Wall Street analysts were expecting, according to First Call.

Dell also met analysts's sales target as well, with revenue of $9.8 billion, a 16 percent increase from last year. The company raised its sales guidance for the fiscal third quarter, saying that it expects revenue of $10.5 billion. The consensus was for $10.3 billion. Dell said earnings should come in at 26 cents a share, matching Wall Street estimates.

Shares of Dell (DELL: Research, Estimates) fell a penny to $13.30 in regular trading on the Nasdaq Thursday and slipped about 1 percent in after-hours trading according to Island ECN.