Dell Inc.’s quarterly earnings and margins blew past Wall Street’s expectations as component costs slid and corporations replaced aging technology, propelling its shares 6 percent higher.

Dell, which is trying to shed a reputation for specializing in low-margin computers, still pulls in most of its revenue from personal computers. It has benefited from a surge in spending as businesses of all sizes buy equipment after two years of recession.

Shares of Round Rock, Texas-based Dell rose nearly 6 percent, to $14.73, after hours, following a brief trading suspension, from a Nasdaq close of $13.91.

The No. 2 PC maker reported a net profit of $927 million, or 48 cents a share, in the fiscal fourth quarter ended Jan. 28, up from $334 million, or 17 cents a share, a year earlier.

Excluding items, Dell earned 53 cents a share, beating the average analyst estimate of 37 cents a share, according to Thomson Reuters I/B/E/S.

Its non-GAAP gross margin came in at 21.5 percent, well ahead of analysts’ estimate of 18.6 percent. Revenue rose 5 percent, to $15.7 billion, matching Wall Street’s target.

For fiscal 2012, Dell expects revenue growth of 5 to 9 percent, and non-GAAP operating income growth of 6 to 12 percent.

The quarterly results offered affirmation of Dell’s continuing efforts to turn itself around and boost profitability.

Dell is waging an uphill battle to diversify its revenue base: it wants to become a larger player in the data center equipment market, a provider of IT services, and gain a toehold in the fast-growing mobile space with tablets and smart phones.

But it faces stiff competition from the likes of International Business Machines Corp., Hewlett-Packard Co. and Apple Inc.