Dell profits fall as company battles to go private

February 20, 2013

Dell has reported another quarter of declining revenue and profits as the company's CEO continues his battle to take the PC maker private. It was the fifth consecutive quarter in which Dell's profits shrank, and the fourth in which it reported declining revenue. The company has been hit by a downturn in the PC market. Revenue for its fourth fiscal quarter, ended Feb. 1, declined 11 percent to US$14.3 billion, Dell said. Net income was $530 million, or $0.30 per share, down from $764 million, or $0.43 per share, a year earlier. Revenue from desktop and laptop PCs, which account for about half Dell's business, declined 20 percent in the quarter. Sales from storage and services also fell from the year earlier. The only business unit to see growth was Dell's server and networking business, where sales were up 18 percent, Dell said. To read this article in full or to leave a comment, please click here

Link: http://www.pcworld.com/article/2028758/dell-profits-fall-as-company-battles-to-go-private.html