Dell sees Q2 revenue higher than in Q1

Source: Agencies | July 15, 2009, Wednesday |

Print Edition

PC maker Dell Inc said on Monday it expects its fiscal second-quarter revenue to be slightly higher than in the first quarter, when sales plunged 23 percent to US$12.3 billion.

Dell's second quarter ends July 31. In a statement, the company also said demand for its computers, servers and other technology "appears to have stabilized."

Its revenue in last year's fiscal second quarter was US$16.4 billion. A fall similar to what Dell saw in its first quarter would result in current-quarter sales of about US$12.8 billion.

Wall Street already expects Dell to top first-quarter revenue, though just barely. Analysts polled by Thomson Reuters predict Dell will report US$12.5 billion in sales for the second quarter.

Dell, the No. 2 PC maker in the world behind Hewlett-Packard Co, didn't go so far as to declare the end of the computer-industry slump, and said demand still varies significantly by product and region.

Dell's Chief Financial Officer Brian Gladden said in the statement Dell is "investing to expand on existing capabilities and extend into new areas."

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Dell sees Q2 revenue higher than in Q1

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