infoTECH News

[November 20, 2009]

Dell reports decline in profit for Q3 but sees improvement in demand

(EquityBites Via Acquire Media NewsEdge) Computer maker Dell Inc (NASDAQ:DELL) reported on Thursday a 54% decline in third quarter net income to USD337m from USD727m in the third quarter last year.

Earnings per share fell to USD0.17 from USD0.37 a year ago.

Total revenue for the quarter was USD12.9bn. This is down 15% from last year's third quarter but shows a 1% improvement compared with the previous quarter. The sequential improvement was attributed to an increase in shipments to large enterprises and small & medium businesses.

Dell said that it is seeing improvement in underlying sequential trends in several areas, including a significant portion of its commercial business.

The company expects its fourth quarter revenue to improve over the third quarter.

((Comments on this story may be sent to tww.feedback@m2.com)) (c) 2009 M2 COMMUNICATIONS

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