Dell hasn't had good news to share during its quarterly earnings reports in quite sometime. And on the eve of it going private, things don't appear to be on the verge of changing. The fourth quarter of its fiscal year 2013 saw the company rake in revenues totaling $14.3 billion, which is up slightly from Q3, but down 11 percent from the same period last year. The story gets even worse when looking at profit. A net income of $530 million represented a 31 percent drop year-over-year. Again, not nearly as bad as last quarter, but still a stunningly steep drop off for a manufacturer that was once at the pinnacle of the industry. The crash is particularly stunning when you look at the consumer division, which was once Dell's bread-and-butter.
Revenue there was down 24 percent year-over-year and operating income has dropped by a staggering 87 percent. In fact, almost every division within Dell has see its revenue and income drop, with the exception of servers and networking, which enjoyed an 18 percent growth from Q4 of 2012, pulling in just over $2.6 billion. As we've said before, though, the few enterprise-related bright spots are likely not enough to hold off the company's continued slide. Lets just hope that loan from Microsoft is put to good use. Check out the full financial monty after the break.
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