Printed from http://www.electronista.com

Dell yearly results posted; profit down 31 percent

updated 05:27 pm EST, Tue February 19, 2013

No 2014 or first quarter guidance given, citing plan to go private

Dell announced fiscal 2013 fourth quarter and full-year results today, with revenue of $14.3 billion for the quarter, with an 11 percent drop from the same time period last year. Profit fell as well, with a net income of $530 million, marking a 31 percent drop year-over-year. Dell ended the fiscal year with $15.3 billion in cash and investments.

Leading the results was Dell's enterprise solutions and services department, with an increase of six percent in the quarter to $5.2 billion and came in on the year at $19.4 billion. The department marked 34 percent of Dell revenue for the fiscal year, climbing four percent year over year.

Dell noted a 20 percent drop in desktop and mobility business revenue for the quarter, erasing gains held earlier in the year, and settling in at a three percent gain for the year. Overall, public revenue fell nine percent, and small and medium business departments fell five percent. Consumer revenue fell 24 percent to $2.8 billion, with an overall drop of 10 percent of business in the US, and a nine percent drop in Japan.

The company declined to provide an outlook for fiscal year 2014 or the first quarter, given the "company's announcement Feb. 5 of a definitive merger agreement to take Dell private." Dell has beginning to see some resistance to the plan to take the company private.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lacking ...

Sponsor

toggle

Most Commented

 
toggle

Popular News