Dell Announces 72% Drop in Fiscal Q2 Profit
Dell announced fiscal 2014 Q2 revenue of $14.5 billion, flat from the previous year. Net income for the period was $204 million, down 72% from $732 million a year earlier.
Dell noted that end-user computing revenue was $9.1 billion in the quarter, a 5% decrease. Operating income for the quarter was $205 million, a 71% decrease. Dell desktop and thin client revenue increased 1%, mobility revenue declined 10%, and revenue from software from third parties and peripherals declined 5%.
Dell said it was the only vendor among the top five worldwide to increase PC unit-shipment share both year over year and sequentially in the past two calendar quarters, according to IDC
“In a challenging environment, we remain committed to our strategy and our customers, and we’re encouraged by increasing customer interest in our end-to-end solutions offerings and continued growth in our Enterprise Solutions, Services and Software businesses,” said Brian Gladden, Dell chief financial officer.
To read the Dell news release click here.