Dell says share gains will boost Q2 results

Dell on Thursday nudged higher its revenue and profit forecast for its fiscal second quarter, citing market share gains that it claims to have made against rivals.

The company now expects to report revenue of US$8.3 billion for the quarter ending Aug. 2, up about 9 percent from last year's second quarter. Earnings are expected to come in at $0.19 per share, up 19 percent excluding a special charge recorded in the year ago quarter, the company said in a statement.

On May 16 Dell said it expected to report revenue for the quarter of $8.2 billion and earnings of $0.18 per share.

The company believes it is continuing to snatch market share from rivals at a time when overall demand is weak, it said in the statement. It's strength in the current quarter has been highlighted by growth in the U.S. education, government and consumer segments, Dell said.

Dell also said it expects its operating profit as a percentage of revenue to be up sharply from both the fiscal first quarter this year and the second quarter a year ago.

Dell is due to report its results Aug. 15, at which time it will also offer its outlook for the third quarter.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Show Comments