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

Advertisement

Recent Reviews

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill the ...

Lenovo Yoga Tablet 2 (Android, 10.1-inch)

Lenovo is building a bigger name for itself year after year, including its devices expanding beyond desktop computers. The company's l ...

Brother HL-L8250CDN Color Laser Printer

When it comes to selecting a printer, the process is not exactly something most people put a lot of thought into. Printers are often t ...

Advertisement

toggle

Most Commented

 
toggle

Popular News