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Dell's enterprise sales offset consumer slowdown

The company's first-quarter earnings were better than expected as its enterprise sales made up for sluggish consumer PC sales
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Written by Larry Dignan, Contributor on

Dell's fiscal first-quarter earnings were better than expected as the company's enterprise sales offset weak consumer PC demand. However, storage revenue took a hit as Dell's partnership with EMC began to wind down.

The company reported net income of $945m (£582m), or 49 cents a share, on revenue of $15bn, up one percent from a year ago. Non-GAAP earnings were 55 cents a share. Wall Street analysts were expecting earnings of 44 cents a share on revenue of $15.4bn. In other words, Dell did well to manage costs and cash flow even as revenue was lighter than expected.

Dell's earnings report landed just a few hours after HP reported a disappointing outlook. HP is also trying to offset falling consumer PC sales.

For more on this ZDNet UK-selected story, see Dell's enterprise gains offset consumer weakness in first quarter on ZDNet.com.


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