Wednesday, 22 February 2012

Dell falls short on Q4 earnings: $16 billion in revenue, only $764 million in profit

DellQ4 of fiscal year 2012 was another rough one for Dell. The company fell short of expectations yet again, collecting roughly three quarters of a billion dollars in net income on revenues of $16 billion. The one bright spot was its enterprise division, which had another record quarter -- accounting for 30 percent of revenues ($4.9 billion). While there was some growth in high end systems, Dell has clearly seen the writing on the wall and plans to refocus primarily on enterprise products and services in 2013. Interestingly, despite the disappointment on Wall Street, Dell still managed to rake in almost a $1 billion more in profit this year than it did last, making 2012 both a record breaker and a let down. Check out the complete PR after the break.

Continue reading Dell falls short on Q4 earnings: $16 billion in revenue, only $764 million in profit

Dell falls short on Q4 earnings: $16 billion in revenue, only $764 million in profit originally appeared on Engadget on Tue, 21 Feb 2012 17:19:00 EDT. Please see our terms for use of feeds.

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