This article is more than 1 year old

Dell warns of falling sales in Q3

Losses rocket to $101m in second quarter

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

More about

TIP US OFF

Send us news


Other stories you might like