Menu
IT slowdown hits Dell's revenue, net profit

IT slowdown hits Dell's revenue, net profit

A slowdown in global IT spending has hit Dell, which recorded a drop in revenue and net income.

Dell's revenue and net income dropped in its third quarter as the company tries to cope with a global IT spending slowdown and less demand for its products.

Revenue for the quarter that ended Oct. 31 was US$15.16 billion, a 3 percent drop compared to the third quarter of last year, and short of the $16.2 billion estimated by analysts polled by Thomson Reuters. Earnings per share were $0.37, besting analyst estimates of $0.31.

Net income dropped 5 percent to $727 million, but beat analyst estimates of $616 million.

Dell's consumer business had 10 percent revenue growth globally, while the commercial business had a revenue decline in the Americas and EMEA (Europe, Middle East and Africa) of 8 percent and 5 percent, respectively. Commercial laptop shipments had flat growth year-over-year, while server shipments dropped by 4 percent. Commercial revenue grew by only 2 percent in the Asia-Pacific and Japan region.

The global IT environment will continue to be challenging and Dell will try to adapt, the company said in a statement.


Follow Us

Join the newsletter!

Or
Error: Please check your email address.

Featured

Slideshows

Bumper channel crowd kicks off first After Hours of 2018

Bumper channel crowd kicks off first After Hours of 2018

After Hours made a welcome return to the channel social calendar with a bumper crowd of partners, distributors and vendors descending on The Jefferson in Auckland to kick-start 2018. Photos by Gino Demeer.

Bumper channel crowd kicks off first After Hours of 2018
Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Show Comments