Welcome to the MacNN Forums.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

You are here: MacNN Forums > News > Tech News > Dell yearly results posted; profit down 31 percent

Dell yearly results posted; profit down 31 percent
Thread Tools
MacNN Staff
Join Date: Jul 2012
Status: Offline
Reply With Quote
Feb 19, 2013, 05:27 PM
 
Dell announced fiscal 2013 fourth quarter and full-year results today, with revenue of $14.3 billion for the quarter, with an 11 percent drop from the same time period last year. Profit fell as well, with a net income of $530 million, marking a 31 percent drop year-over-year. Dell ended the fiscal year with $15.3 billion in cash and investments.

Leading the results was Dell's enterprise solutions and services department, with an increase of six percent in the quarter to $5.2 billion and came in on the year at $19.4 billion. The department marked 34 percent of Dell revenue for the fiscal year, climbing four percent year over year. Dell noted a 20 percent drop in desktop and mobility business revenue for the quarter, erasing gains held earlier in the year, and settling in at a three percent gain for the year. Overall, public revenue fell nine percent, and small and medium business departments fell five percent. Consumer revenue fell 24 percent to $2.8 billion, with an overall drop of 10 percent of business in the US, and a nine percent drop in Japan. The company declined to provide an outlook for fiscal year 2014 or the first quarter, given the "company's announcement Feb. 5 of a definitive merger agreement to take Dell private." Dell has beginning to see some resistance to the plan to take the company private.
     
   
Thread Tools
Forum Links
Forum Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Top
Privacy Policy
All times are GMT -4. The time now is 09:55 PM.
All contents of these forums © 1995-2014 MacNN. All rights reserved.
Branding + Design: www.gesamtbild.com
vBulletin v.3.8.8 © 2000-2014, Jelsoft Enterprises Ltd., Content Relevant URLs by vBSEO 3.3.2