Dell reported another weak quarter as its founder fights to make it a private company
Dell reported another quarter of declining profits and revenue Thursday as CEO Michael Dell continues his fight to take the company private.
Dell’s profit for the quarter, ended May 3, was $130 million, down 79 percent from $635 million a year earlier. Revenue declined 2 percent to $14.07 billion.
Dell’s PC division was particularly hard hit. Sales for the quarter were down 9 percent to $8.9 billion, Dell said, and the group’s operating profit skidded 65 percent lower to $224 million.Laptop sales were hit especially hard.
Part of the problem is that Windows 8 has failed to drive PC sales. “Windows 8 has been, from our standpoint, not necessarily the catalyst to drive accelerated growth that we thought it would be,” CFO Brian Gladden said on a conference call to discuss the results.