New York: PC maker Dell today reported a 23-
per cent slump in net profit to 472 million dollars in the
second-quarter of the current fiscal due to declining sales.
In comparison, the company had a net profit of 616
million dollars in the year-ago period, Dell said in a
statement.
Revenues declined to 12.76 billion dollars in the second
quarter ended July 31, 2009 from 16.43 billion dollars in the
same quarter last fiscal.
However, Dell continues to build its emerging country
presence as combined revenue from the BRIC countries—Brazil,
Russia, India and China grew 16 per cent sequentially. Sales
in BRIC countries comprise 10 per cent of company's total
revenue.
During the quarter, Dell's shipments of consumer PCs
surged 17 per cent over the previous year, while revenue in
that segment was down 9 per cent to 2.9 billion dollars.
Dell's combined revenue from servers and storage was up 7
per cent sequentially, while its revenue stood at 12.8 billion
dollars in the second quarter of FY'10, 22 per cent lower than
the year-ago quarter.
In the third quarter, the company expects seasonal demand
improvements from consumer and US federal government
businesses, but the quarter is generally a period of slower
demand from large commercial customers in the US and Europe.
Bureau Report
First Published: Friday, August 28, 2009, 16:01