Thursday 15 August 2013

INQUIRER.net: Dell profits take fresh hit amid PC woes

INQUIRER.net
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Dell profits take fresh hit amid PC woes
Aug 15th 2013, 23:03

NEW YORK – Dell said Thursday its quarterly profit plunged 72 percent from a year ago as the struggling computer giant felt the impact of weak PC sales.   The Texas-based tech firm said its profit for the second fiscal quarter slid to $204 million, compared with $732 million in the same period last year.   It marked the seventh consecutive decline in profits for the former number one PC maker, but the results were slightly better than analyst estimates.   Profits translated to 25 cents per share, one cent better than the consensus forecast. Revenues were flat at $14.5 billion, with analysts expecting a decline.   Dell, which is the object...

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