Dell Q3 net falls 54%
Dell Inc has reported a 54 per cent decline in its profit during the third quarter ended October 30, to US$337 million, as against US$727 million in the same quarter last year.
Its revenue also declined by 15 per cent to US$12.9 billion compared to US$15.2 billion in the same period last year, it said.
APAC business
However, combined sales from China, India, Brazil and Russia were up 18 per cent sequentially and 5 per cent over the past year. In India, sales increased by 17 per cent during the reporting period.
“Asia-Pacific is the strongest region. Almost all Asia-Pacific countries have better than average growth, with the exception of Japan. Asia would continue to drive much of the company’s growth in the near future,” Dell President for small and medium business Steve Felice said.
Dell said that its core business of selling computers to enterprises is returning, after a sharp drop during the global downturn. However, Dell has been feeling the downturn longer than most companies, largely because corporations that account for 80 per cent of its revenues were among the first to cut back their budgets. Consumer business forms only 20 per cent of the overall business of the company.
