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Essay

Dell Income Drops 48% As It Seeks To Cut Costs

Essay specific features

 

Issue:

Business

 

Written by:

Joel S

 

Date added:

June 25, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

3 / 618

 

Was viewed:

1830 times

 

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Essay content:

The decline in sales has proved so severe that Dell’s earnings have fallen to the lowest level since 2002. On Thursday, Dell reported that net income for the fourth quarter, ended Jan. 30, fell 48 percent, to $351 million from $679 million reported in the fourth quarter of the prior year. Revenue tumbled 16 percent, to $13...
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30, fell 48 percent, to $351 million from $679 million reported in the fourth quarter of the prior year. Revenue tumbled 16 percent, to $13.4 billion from $16 billion. Excluding one-time expenses, Dell earned 29 cents a share, 3 cents better than the consensus forecast of Wall Street analysts, according to Thomson Reuters...
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