ArabianBusiness.com - Middle East Business News
Sunday, 22 November 2009 13:25 UAE time

YOUR DIRECTORY /

| Share |

Dell reports drop in Q3 earnings

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Sunday, 23 November 2008

Dell has reported a net income of $727 million for its third-quarter, down from the $766 million it raked in for the same period last year.

A recent $400 million stock buyback plan saw Dell's share price reach 37 cents, compared to 34 cents a year ago. This led the company to report an increase of 9% in its net income for the quarter.

The company’s operating income also improved by 22% to reach $1 billion, reflecting the success of its recent cost-reduction initiatives.

Story continues below
advertisement

“We took a measured approach in the third quarter to balancing growth and profitability. By the end of the second quarter, we had seen a slowdown in demand in most customer segments and concentrated our efforts where there was both profit and growth opportunity as we also improved our mix of products and services,” said Brian Gladden, Dell CFO.

“As a result, global commercial operating income increased to more than 8 percent of revenue as revenue declined 6 percent,” added Gladden.

Dell saw its highest revenue increase in emerging markets of Brazil, Russia, India, and China, where total revenues rose 20%, accounting for 9% of Dell's global revenue.

In Europe, Middle East and Africa however revenue was down by 5%.

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

SHARE PRICE CHECK

RELATED STORIES

Dell
| 182 stories
  1. Seeing through the storm
  2. End users versus vendors
  3. Full capacity

RELATED LINKS

  1. Dell»

 EMAIL ALERTS

  1. Dell

  2. Technology


CURRENCY CONVERTOR

Tell us your story

READER COMMENTS

  1. RTA to lease last batch of retail outlets on Red Line 04
    22 Nov ' 09 at 11:48
    Thanks v m Joey. I heard they were proceeding with a few of them. i guess things may have changed.   More  »
  2. The Roubini Vs Rogers debate 02
    22 Nov ' 09 at 06:30
    What's not to understand.It's 1930s Hoover-Roosevelt liquidation.Are you really naive enough to believe that Andrew Mellon's...   More  »
  3. Merger technical talks to conclude in a month - Emaar 02
    22 Nov ' 09 at 11:38
    Many a owners are paying the facility maintenance fee for all the services that are supposed to be covered by the Municipality in...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM