Dell sees PC sales stabilizing

Posted on Friday, Aug 28 2009 @ 16:06 CEST by Thomas De Maesschalck
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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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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