May
29
2009
Dell’s net income drops 63% in Q1
Posted by: Dedicated Servers in Uncategorized, tags: Computer World, Dell Net, Earnings, Economic Environment, First Quarter, May 1, Net Income, Profitability, Restructuring, Software Source, Source Computer, Stress, Sustainable Markets, Taking StepsDell’s net income drops 63% in Q1
Dell has reported a 63% fall in net income during the first quarter of 2010, triggered partly by reduced PC sales and a restructuring charge related to cost cutting. The company posted net income of US$290 million for the quarter ending on May 1, falling from the US$784 million it reported in the first quarter of last year.
Despite the reduced earnings, Dell tried to stress that it was taking steps to maintain profitability during the challenging economic environment. The company continues to cut costs and is looking to get deeper into sustainable markets such as data centres, services and software.
Source: Computer World
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