Dell Profit falls on lower sales

The U.S. computer manufacturer Dell recorded a net income of 1,367 million dollars (1,096 million Euros) in the first half of its fiscal year, representing a drop of 26% from the same period last fiscal year.

The Dell turnover stood at U.S. $ 28.905 million (23.184 million Euros), 6% below last year’s figure, while its operating profit fell 27% to U.S. $ 1.725 million (1.383 million Euros). The financial director
from Dell, Brian Gladden, explained that the PC business growth has been a challenge because of the difficult macroeconomic environment and competitiveness.

In the second quarter, the company earned $ 732 million (587 million Euros), 18% less than the same period last year.

The company’s sales in this period reached 14.483 million dollars (11.616 million Euros), down 8%, while operating profit fell 21% to $ 901 million (722 million Euros).

President and CEO of Dell, Michael Dell, said that the company is transforming its business, not for a quarter or a fiscal year, but to offer a differentiated value long-term customer.

"We clear our strategy and we are building a portfolio of leading solutions to help our customers achieve their goals." He was quoted as saying.

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Posted by Farasat Ali on Aug 25 2012. Filed under Sci-Tech. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry