Dell has reported better-than-expected third-quarter earnings, no revenue growth, and provided an anaemic revenue growth picture for the fiscal year.
On Tuesday the PC maker gave fiscal third-quarter earnings of $893m (£567m), or 49 cents a share, on revenue of $15.36bn, flat with the same quarter a year ago. Non-GAAP earnings were 54 cents a share. Wall Street analysts were expecting non-GAAP earnings of 47 cents a share on revenue of $15.65bn.
As for the outlook, Dell said its operating income targets for the fiscal year — 17-percent to 23-percent growth — will be met, but revenue growth will be sluggish. The company said: "Given the uncertain macroeconomic environment and complexity in working through the industry-wide hard-drive issue, the company is trending to the lower end of the range of its revenue outlook of one to five-percent full fiscal-year growth."
For more on this ZDNet UK-selected story, see Dell's Q3, outlook a mixed bag amid weak demand, hard drive shortage on ZDNet.com.
Get the latest technology news and analysis, blogs and reviews delivered directly to your inbox with ZDNet UK's newsletters.