Dell paints anaemic picture in third-quarter results

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

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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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