Home / Uncategorized / Dell down $240M from last Q3
Image_45357_tmimage.jpg

Dell down $240M from last Q3

Dell may have posted revenues of $13.9 billion for the third quarter (an 11% year-over-year increase) but its earnings dropped 28% to $606 million from $846 million a year earlier.

There was a time when Dell projected third quarter revenues to hit as much as $14.5 billion, but it reduced that estimate in October. In addition, Dell mentioned that it will suffer losses of about $442 million. This figure was well divided between a $300 million loss for OptiPlex desktop fixes and $100 million for letting approximately 1,000 employees go.

Although PC sales continued to be the main source of revenue for Dell, computer sales actually dropped to $5.1 billion from $5.2 billion a year earlier. Following is a further breakdown of Dell’s revenue sources.

– laptop revenue increased from $3.1 billion to $3.6 billion
– server sales rose to $1.4 billion from $1.2 billion
– storage sales jumped to $500 million from $300 million
– services rose to $1.2 billion from $1 billion, and
– software and peripheral revenue increased to $2.1 billion from $1.7 billion

Dell is forecasting fourth quarter revenue to be $14.6 billion to $15.0 billion but analysts state that Dell will have a hard time posting strong growth figures because of its huge dependence on PC sales and general industry pricing pressure.

Comments

comments

About Melanie Tan

Check Also

wii-oculus-rift-hoverboard

Try Oculus Rift And Wii To Roam Around On The Back To The Future Hoverboard

Check out how you can fly in virtual space by using an Oculus Rift and a Wii Balance Board.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>