Dell paints anaemic picture in third-quarter results

Summary:The PC maker reported flat revenue growth in its third quarter, while forecasting sluggish revenue growth for the rest of the year

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.


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Topics: Tech Industry

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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