Feeds

Dell's PC sales keep falling in Q3

But only on a preliminary basis

3 Big data security analytics techniques

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. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.