Dell sees 8 per cent fall in sales
And CFO predicts more of the same for Q3
Alienware parent company and computer manufacturer Dell has reported an 8 per cent fall in revenue and predicts another for the next quarter.
Revenue for Dell's Q2 was $14.5 billion, compared to $15.7 billion for the same period last year. Net income stood at $732 million, an 18 per cent fall on last year's $890 million.
"In the third quarter, given the macro environment and soft Consumer business, we expect revenue to be down 2 per cent to 5 per cent sequentially," said CFO Brian T. Gladden during the company's earnings call.
He also explained some of the factors leading to lower sales for Q2.
"In the quarter, we saw the channel drawing down inventory in anticipation of the Windows 8 launch. We also continued to see discretionary spending directed to alternative mobile devices like tablets and smartphones."
Windows 8 is currently due for launch on October 26.
"We're transforming our business, not for a quarter or a fiscal year, but to deliver differentiated customer value for the long term," added CEO Michael Dell in a statement.
"We're clear on our strategy and we're building a leading portfolio of solutions to help our customers achieve their goals."
Dell also announced that yesterday Marius Haas, has joined the company as president of Enterprise Solutions.
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