Dell Announces Poor Quarterly Report, Stock Falls
Dell announced its quarterly earnings yesterday and let’s just say that the happy train stopped before it got to their station. The company dropped 54% in net income and 15% in revenue in this quarter, which was lower than analysts’ forecast. I guess dudes aren’t getting a Dell anymore.
The numbers show that Dell isn't fully benefiting from the industry's fledgling recovery, even though the company is seeing improvement in some areas. "We are already seeing more client activity in the last 30 to 60 days than we have in a long time," Michael Dell, the company's CEO, said on a conference call with analysts.