Sunday, September 26, 2021

Dell’s Profit Shrinks in the First Quarter

NetworkWorld: Dell reported disappointing results for its first fiscal quarter. Net income was $535 million, down 33 percent compared to the previous year. Earnings per share came in at $0.43, falling short of the $0.46 predicted by Wall Street. Revenue totaled $14.4 billion, down 4 percent year-over-year.

The lone bright spot in Dell’s financial report was its Small and Medium Business division, which posted 4 percent revenue growth.

The company has been struggling as it attempts to shift its focus from consumer products to enterprise products, but it remains the world’s third largest PC maker.

Similar articles

Latest Articles