/// Ahead of Buyout Vote, Dell Q2 Profits Fall 72 Percent

August 15, 2013  |  All Things Digital

Dell, the struggling computing company seeking to go private in a $26 billion leveraged buyout, reported what might turn out to be its final set of earnings results as a public company. If nothing else, it’s pretty easy to see why it has sought to go private. While earnings per share were 25 cents, a penny better than what analysts had expected, and sales were at $14.5 billion, ahead of expectations, net profits fell 72 percent from the same period a year ago, and by half on a per-share basis. Sales of personal computers amounted to $9.5 billion, representing a drop of five percent, while operating profits in that unit fell 71 percent. Sales in the enterprise solutions group rose by eight percent to $3.3 billion. Services revenue rose two percent to $2.1 billion, while the unit’s operating income rose one percent. Software revenue was $310 million and reported an operating loss. Overall, Dell’s gross margin was 18.5 percent, down from 21.7 percent in the year-ago period. The company declined to provide outlook for the current quarter

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Ahead of Buyout Vote, Dell Q2 Profits Fall 72 Percent

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