Dell's net income fell 31 per cent in the latest quarter as the company continued to be hurt by a shrinking PC market.
Dell's founder and CEO Michael Dell and a group of investors are buying the company for $US24.4 billion ($23.6bn) with a plan to turn it around.
Dell posted net income of $US530 million, or 30 cents per share, for its fiscal fourth quarter, which ended on February 1.
That was down from $US764 million, or 43 cents per share, in the quarter a year ago.
Excluding acquisition and severance-related charges, earnings were 40 cents per share, beating by 1 cent the average forecast of analysts polled by FactSet.
Revenue was $US14.3 billion, down 11 per cent from a year ago. It beat analyst expectations of $US14.1 billion.
Source:
http://www.theaustralian.com.au/australian-it/dell-net-income-down-31-pc/story-e6frgakx-1226581646558
