Feeds

Dell's PC sales keep falling in Q3

But only on a preliminary basis

Top 5 reasons to deploy VMware with Tegile

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
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.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
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.