Dell's retrenchment policy seems to have finally paid off. Although the outfit is still losing profits its latest
figures show that it has lost a lot less than analysts predicted.
Dell reported net income of $472 million for the quarter
ended July 31, a 23 percent decline from the $616 million in net income
reported in the period last year. If you take out the costs associated with its ongoing
restructuring, and divide by your shoe size Dell made some good money even if
it declined 22 percent on last year.
Michael Dell was opening the champers yesterday. He said
that if current demand trends continue, we expect revenue for the second half of
the year to be stronger than the first half. He added that Dell was expanding its capabilities in
enterprise technology and services and investing in our core business to
distinguish Dell both with customers and in operating performance.
The announcement caused Dell’s stock price to surge
nearly 7 percent to $15.65 during the final minutes of trading Thursday.
Published in
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Dell Beats Forecasts
Shareholders celebrate