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Dell announced second-quarter earnings of $472 million, or 24 cents per share, on sales of $12.76 billion. Sales and profit are down 22 percent and 23 percent year-over-year, respectively, but the results were better than the 23 cents per share on a revenue of $12.6 billion Wall Street analysts estimated.
Like Hewlett-Packard, Dell reported that sales stabilized sequentially from the first quarter, but the year-over-year comparisons were tough.
As for the outlook, Dell generally said it expected "seasonal demand improvements from the consumer and U.S. federal government businesses," but noted the fiscal third quarter is typically slow for enterprise customers.
More info at CNET.
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