Dell earnings meet expectations - stock falls
Dell seems to be having a pretty good go of it lately.
Revenue was $11.5bn, about $300m higher than its prior guidance. Net earnings rose 22 per cent to $731m or 28 cents per share.
Wall Street was expecting more, however, so Dell stock is down three percent in after hours trading. Hmm. At any rate, increased sales, especially to corporate purchasers, is a good thing. Corporations buying computers are either shoring up or starting new initiatives, both of which are good indicators for business prospects in upcoming quarters. Where all this goodness is taking place may be a dampner though to the tech industry workers at home, I think.
The company said it added about 1500 staff in its most recent quarter, with the majority of the jobs created outside of the US.