Dell 2009-2010 Q2 Net Profit Dips By 23%
Friday, August 28, 2009
US leading computer manufacturer, Dell, has posted a 23% decline in its net profit for the second quarter of 2009-2010 fiscal. This dip in profit comes even after the corporate spending has been cut down to a great deal. Even though the net earnings have seen a decline, the $472 million earnings on a sales of $12.76 billion has managed to beat the predictions that have been put forward by Wall Street journal. Dell, which is based in Texas, has admitted that there are chances for improving. "If current demand trends continue, we expect revenue for the second half of the year to be stronger than the first half," chief executive Michael Dell said. Dell has posted earnings of about $616 million on sales worth $16.4 million. Dell, which is the second top among the computer manufacturers of the world, has been especially hard-hit by the fall in corporate spending because business customers account for 80 percent of its revenue.
Posted bySaini at 8:49 PM
Labels: News/Information
