ROUND ROCK (Texas) - DELL says its profit dove 48 per cent during the fiscal fourth quarter as the recession forced consumers and businesses to spend less on technology.
Dell's earnings sank to US$351 million (S$540 million), or 18 cents per share.
Without certain charges, Dell would have earned 29 cents per share in the quarter that ended Jan 30. Analysts polled by Thomson Reuters were looking for 26 cents per share.
Sales dropped 16 per cent to US$13.4 billion, missing expectations.
Dell, based in Round Rock, Texas, is the world's second-largest computer maker behind Hewlett-Packard. -- AP
