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Dell emphasized the growth of its enterprise business in fiscal 2012 as it reported a modest increase in annual revenue but substantial increases in full-year income and earnings per share (EPS). Fourth quarter EPS, however, was down 10% year over year.

The company’s full-year 2012 revenue was about US$62bn – approximately a 1% increase from $61.5bn Dell reported for fiscal 2011. Its full-year EPS grew nearly 40%, from $1.35 in 2010 to $1.88 in 2011.

Dell said this was its most successful financial year to date. Especially successful was the company’s enterprise solutions and services business, generating $18.6bn over the year.

Dell chairman and CEO Michael Dell said customers now thought of the company in broader terms, as a provider of full-service IT: from the data center to the device.

“The expanding mix of revenue and earnings from enterprise solutions and services is critical to our future,” Dell CFO Brian Gladden said. “Our full-year results are a strong reflection of the significant progress we made this year on our strategic priorities.”

For the fourth quarter of fiscal 2012, Dell reported a revenue of about $16bn – up 2% year over year. The quarter brought a net income of $764m, an 18% increase from the fourth quarter of fiscal 2011. Its Q4 EPS was $0.43 – a 10% drop year over year.

The company’s services revenue grew 12% over the year’s fourth quarter. Its storage business grew 33%, and servers and networking revenue grew 6%.

The biggest chunk of the company’s revenue in Q4 came from sales to large enterprises: $4.9bn. It was followed by the small-and-medium-business revenue, which totalled $4bn.

Dell saw its public-sector revenue decline by 1% and its consumer revenue decline by 2% during the quarter. The public-sector revenue was $3.9bn and consumer revenue was $3.2bn.