PC and server manufacturer Dell saw revenues fall by 3% to $15.2 billion in its most recent financial quarter, the company revealed yesterday. Financial analysts had expected revenue growth of 7% for the quarter.
The fall was driven by a sharp decline in desktop PC sales in its third financial quarter, which fell 14% from $4.7 billion to $4.1 billion year on year.
Also worrying for the company was a deceleration of sales in
But it was not all bad news for Dell. The company managed to cut operating costs to $1.8 billion, down 11% from the same quarter of the previous year, thanks mainly to 2,000-job reduction in its head count. That drove operating profit up 22% from $819 billion to $1.1 billion year on year, and share prices consequently rose.
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