Feeds

Dell warns of falling sales in Q3

Losses rocket to $101m in second quarter

  • alert
  • submit to reddit

Boost IT visibility and business value

Dell has reported a $101 million loss for the second quarter, while warning investors to prepare for falling sales in Q3.

The loss from the Texan PC giant was largely due to a pre-tax charge of $742 million to cover job cuts and site closures, and compared to a $603 million net profit for Q2 the previous year.

Excluding the charges, Dell posted a profit of $433 million for the three months ended August 3.

In line with what the company forecast last month, sales were slightly down at $7.6 billion - despite overall shipments growing 19 per cent.

EMEA sales rose two per cent on the previous year's Q2, while sales in the Americas dropped three per cent.

Regarding Q3, the company warned it expecteed sales to fall of up to five per cent compared to the second quarter. ®

Related Stories

Dell skimps on spec to hit PC price points
Dell is taking $700m hit
Dell chops UK PC warranties
Dell is ditching 275 UK and Irish staff

Related Link

Dell statement

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.