Feeds

Dell blames stingy Europeans for Q3 droopy sales figures

Might fail to hit full-year 30 per cent growth target

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Mighty Dell warned analysts yesterday that Q3 sales would be three per cent less than expected thanks to Europeans not buying enough of its products.

The Round Rock, Texas PC maker also blamed sluggish sales to small business customers.

The revised projected revenues for the quarter ending November 4 were $8.2 billion, up 27 per cent on the previous year, but still bobbing below the original $8.5 billion forecast.

If this trend continues into the fourth quarter, full-year sales are expected to reach $32 billion, a 27 per cent increase. Analysts were hoping for at least 30 per cent growth.

Dell said it was on track to meet expected profits for this quarter, but that next quarter earnings per share could fall one or two cents below its target.

Third quarter sales are up seven per cent on the second quarter which Dell said was in line with rivals. Orders from corporates, schools and individual PC customers and within Asia Pacific and Japan were still strong, and profit margins were fine thanks to cheaper than expected components, it added.

Dell is not the only company to blame Europe for its financial woes. Last month Intel issued a profits warning for Q3 citing the same reason.

Dell also missed sales estimates in Q2. ®

Related Stories

Intel blames Europe for lower profits
Dell hacks PC, server and notebook prices to pieces
Toshiba signs $10m Dell supply deal
Worldwide PC sales to rocket in Q3
Micheal Dell takes The Register out to lunch

Providing a secure and efficient Helpdesk

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.