DROP: Dell Inc’s profit slid 47%, hurt by lower PC sales and weaker demand from large corporations, but the No 3 PC maker said it expects revenue to grow as much as 5% in the current quarter. — Reuters
SAN FRANCISCO: Dell Inc’s profit slid 47%, hurt by lower PC sales and weaker demand from large corporations, but the No 3 PC maker said it expects revenue to grow as much as 5% in the current quarter.
Dell shares fell 2.3% in afterhours trade. The company, once the world’s top PC maker and a pioneer in computer supply chain management, is struggling to defend its market share against Asian rivals like Lenovo. It is trying to bolster growth by focusing on products and services to corporations.
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