Dell Fails to Delight Investors
By
Dell grew its bottom line 27% in the third quarter, but the PC makers’ first public discussion of its comeback plan left investors feeling cold. Rising operating expenses and weakness in its U.S. consumer business belied Dell’s talk of restructuring and refocusing the company for growth.
In the three months ended Nov. 2, Dell grew its revenue 9% year-over-year to $15.6 billion, ahead of the $15.3 billion expected by analysts. Dell reported net income of $766 million, or 34 cents a share, vs. $601 million, or 27 cents a share, at this time last year.
Comments are closed.