Dell profit declines 47% in Aug-Oct

Nov 17 2012, 03:59 IST
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SummaryComputer maker Dell on Friday reported a 47% drop in net profit to $475 million for the August-October quarter of this fiscal, mainly on lower PC sales and weak demand from large enterprises.

Computer maker Dell on Friday reported a 47% drop in net profit to $475 million for the August-October quarter of this fiscal, mainly on lower PC sales and weak demand from large enterprises. The company had posted a net profit of $893 million in the same period last year.

The company's revenues also dropped by 11% to $13.72 billion in the third quarter of FY13 from $15.36 billion in the year-ago period, Dell said in a statement. Its revenues were down by 5.24% sequentially.

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