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