Dell comfortable with $101m loss
- Posted:
- 13:03 17 Aug 2001
Dell reported a net income loss of $101m (£69.8m) for its second fiscal quarter, a 117% reduction compared to the corresponding period last year. Revenue also fell, down 1% to $7.6bn. The company blamed a $742m charge incurred as a result of job reductions for the figures.
Dell's earnings per share dividend stood at 16 cents, equaling the consensus estimate of analysts polled by Thomson Financial/First Call.
The computer maker managed to increased shipments in spite of the US economic downturn. Sales of enterprise products were particularly good, helping the company to gain an extra 2% share of the overall market.
ADVERTISEMENT
Michael Dell, Dell chairman and CEO, described the company's quarterly performance as "solid and stable".
