Dell quarterly profits lower than expected

By

Dell shares have fallen by four per cent after the vendor missed quarterly profit estimates..


Profits fell to US$679 million for the three-month period ending 1 February, despite a US$1.5 billion rise in quarterly revenue from US$14.5 billion to US$16 billion.

Year-on-year laptop revenue rose by almost a quarter, while servers, data storage hardware and desktop PCs all notched up two per cent increases.

Dell warned in a statement that its results could be "adversely impacted by more conservative spending by its customers".

Economists believe that the world's second largest PC manufacturer is more exposed to a downturn than its rivals HP and IBM because of a greater dependence on the US market where spending on technology is expected to slow.
Got a news tip for our journalists? Share it with us anonymously here.
Copyright ©v3.co.uk
Tags:

Most Read Articles

ANZ eyes 'compound' gains from GenAI

ANZ eyes 'compound' gains from GenAI

Jobs at risk as 'significant' restructure hits ANZ tech teams

Jobs at risk as 'significant' restructure hits ANZ tech teams

IAG uses GenAI to decide whether to send tradies for 'make safe' repairs

IAG uses GenAI to decide whether to send tradies for 'make safe' repairs

Westpac turns to AIOps and event-driven automation

Westpac turns to AIOps and event-driven automation

Log In

  |  Forgot your password?