Dell profit drops 33 percent in Q1, both home and corporate sales take a hit

Dell profit drops 33 percent in Q1, both home and corporate sales take a hit:
Dell hasn't been having the greatest of years, and the blows are still as heavy as ever in Round Rock's fiscal Q1. Its net profit dipped a steep 33 percent to $635 million, while its overall revenue was down four points to $14.4 billion. Unlike in Q4, the PC builder couldn't point to strong enterprise sales as its savior, either: while its enterprise services' revenues were up two percent, its Large Enterprise group dropped by three points. Outside of small business sales and China, Dell's segments took hits as a whole, with the consumer group down a flinch-worthy 12 percent. The Texas firm is keen to stress that it's morphing into an "end-to-end IT provider" that downplays home sales, but without too many signs of strength in pleasing the suits and ties, we wouldn't count on investors being happy after they read the full details below.
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Dell profit drops 33 percent in Q1, both home and corporate sales take a hit originally appeared on Engadget on Tue, 22 May 2012 17:23:00 EDT. Please see our terms for use of feeds.

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