Dell takes an 8% revenue loss in second quarter

dell computer logo Dell takes an 8% revenue loss in second quarter

Dell’s second quarter revenues are down 8 percent, thus, reflecting the tough economic conditions that many other OEMs are facing.  Tablets and smartphones have seemingly taken over many of the duties that were once taken care of by PCs, and the trend probably won’t reverse any time soon.

Dell’s second quarter revenues are down 8 percent, thus, reflecting the tough economic conditions that many other OEMs are facing.  Tablets and smartphones have seemingly taken over many of the duties that were once taken care of by PCs, and the trend probably won’t reverse any time soon.

In the same quarter last year, Dell took in $15.7 billion in revenue, but that number dipped to $14.5 billion.  Although the PC segments didn’t fare so well last quarter, Dell reported that its enterprise solutions and services revenue actually increased by 6%. 

Dell execs are unhappy with what they call “revenue deterioration” in the desktop and mobile sectors, and the third quarter outlook won’t make it any better.  Analysts are expecting Dell revenues to decrease an additional 2 to 5 percent in the third quarter.

Despite the revenue losses, Dell is still confident enough in its current business model to pursue the Quest acquisition that may finalize by the end of the third quarter.

Source: Tech Crunch

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