- Top Tags
- Biz (2823)
- Dell (368)
- Hardware (4591)
- Results (125)
Dell profits fall 63%
Computer manufacturer sees declining revenues
29 May 2009 12:15 GMT / By Duncan Geere
Computer manufacturer Dell has seen its quarterly profits fall by nearly two-thirds. The second-largest PC maker made a profit of $290m (£182m) in February, March and April, in contrast to $784m (£488m) a year ago.
The blame has been pinned on the worldwide recession, with Dell labelling the trading environment "challenging". Revenues fell 23% to $12.3bn.
Dell has already announced cost-cutting measures which includes shedding 9,000 staff over the last year. Chairman Michael Dell said: "We're continuing to transform the company on the cost side and delivering strong cash flow".
Latest in Biz
Latest on Pocket-lint.com
-
AUDIO ACCESSORIES
Win A TomTom XL Live
-
HARDWARE
Apple's First Store In France Opens
-
GAMING
Rock Band Still Not Profitable
PHONES
HTC HD2 mobile phone Does Windows Mobile finally make Sense?
PHONES
Best iPhone tariffs: O2 vs Orange Which contract is the right one for you?
HARDWARE
Dell Adamo XPS laptop - First Look Have corners been cut to get it this thin?
Comments