TechTarget

Dell comfortable with $101m loss

Strong sales outside the US have allowed Dell to return financial figures largely in line with market expectations.

Strong sales outside the US have allowed Dell to return financial figures largely in line with market expectations.

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.

Michael Dell, Dell chairman and CEO, described the company's quarterly performance as "solid and stable".

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