Feeds

Dell's PC sales keep falling in Q3

But only on a preliminary basis

Intelligent flash storage arrays

After pulling all-nighters over the weekend, Dell's crack team of accounting nerds managed to finish off the company's third quarter results - well, almost.

Dell today dished out "preliminary" third quarter results that showed revenue rising to $14.4bn from $13.9bn in the same period last year. The hardware maker's net income also rose year-on-year to $677m from $606m. Both net income figures remain well off Dell's 2004 Q3 total of $846m.

Of course, all these results are "preliminary" because Dell is still trying to deal with a pair of accounting probes from the US Securities and Exchange Commission (SEC) and the Southern District of New York.

Dell was meant to file its third quarter results last week but delayed the procedure until today, as it grapples with the accounting probes. The company has yet to file its Form 10-Q for the second quarter with the SEC and "does not expect to timely file" the same form for Q3, according to a SEC filing.

The hardware maker continues to keep the nature of the accounting probes a secret.

In an SEC filing issued today, Dell would only say, "The investigations are examining certain accounting and financial reporting matters, including issues relating to reserves and other balance sheet items that may affect the company's previously reported financial results . . . The investigations are ongoing, and no determination has been made as to whether restatements of prior period financial statements will be required."

In its Q3 statement, Dell declined to provide the customary year-on-year compares across its product lines, but we've done the hard work for you.

PC sales dropped significantly to $4.7bn from $5.1bn last year. Dell's PC business has been a sore spot in recent quarters, as the company struggles to generate much desktop excitement.

Thankfully, Dell has a strong notebook line, which produced $3.9bn - up from $3.6bn - in revenue.

Server and networking sales rose slightly to $1.5bn from $1.4bn, while storage revenue jumped $100m to $600m.

Services revenue reached $1.4bn - up from $1.2bn last year. And software and peripherals hit $2.3bn - up from $2.1bn last year.

Dell's management declined to offer any "color" on the quarter in the company's statement, and management also decided against holding an earnings conference call with analysts. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
The Heartbleed Bug: how to protect your business with Symantec
What happens when the next Heartbleed (or worse) comes along, and what can you do to weather another chapter in an all-too-familiar string of debilitating attacks?