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:
dellexpectedfinancial serviceslowerprofitsquarterlythan

Sponsored Whitepapers

Digital Transformation That Works in the Real World
Digital Transformation That Works in the Real World
Beyond the Breach: Logicalis Delivers Scalable, Business-Aligned MXDR Security
Beyond the Breach: Logicalis Delivers Scalable, Business-Aligned MXDR Security
Transforming IT for the Hybrid Era
Transforming IT for the Hybrid Era
Powering secure AI at the Edge: What you need to know before it’s too late
Powering secure AI at the Edge: What you need to know before it’s too late
Ditch the Spreadsheets. Build a System That Grows With You.
Ditch the Spreadsheets. Build a System That Grows With You.

Events

Most Read Articles

CBA AI 'voice bot' deployment linked to review of 45 roles

CBA AI 'voice bot' deployment linked to review of 45 roles
ANZ's group executive of technology Gerard Florian to retire

ANZ's group executive of technology Gerard Florian to retire
ANZ consolidates operational risk into ServiceNow

ANZ consolidates operational risk into ServiceNow
CBA using facial recognition logins to verify disputed payments

CBA using facial recognition logins to verify disputed payments
techpartner.news logo
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
"It's an exciting time to be part of the health and aged care sector"
"It's an exciting time to be part of the health and aged care sector"
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Orro claims Australia first with managed digital asset discovery service
Orro claims Australia first with managed digital asset discovery service

Log In

  |  Forgot your password?