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The hardware giant revealed that its full-year revenue could be hit by the consequences of the floods after it announced third quarter results that missed Wall Street expectations with flat revenues year-on-year of $15.3bn.
In a conference call Michael Dell, CEO at the vendor, said it was going to move away from low-margin business to try and improve margins and it was also impacted by falling public sector business.
Revenue from the public sector fell by 2% with a slow down in both Europe and the US contributing to that decline. The SME operation saw a 1% improvement in revenues to $3.7bn and large enterprise contributed $4.5bn of revenue, up by 4% on the year before.
Revenue across EMEA rose by 4% but was nowhere near the double digit performance of the BRIC countries, which saw turnover climb by 14%.
But the ongoing problems in the HDD market were raised as an issue going forward into its fourth fiscal quarter with the company stating that: "Given the uncertain macroeconomic environment and complexity in working through the industry-wide hard drive issue, the company is trending to the lower end of the range of its revenue outlook of 1 to 5-percent full fiscal-year growth."
Image courtesy: Photodisc