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Windows 8 sales threatened by internet piracy

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DQI Bureau
New Update

Dell has announced its fiscal 2013 third-quarter results today with revenue of $13.7 bn, GAAP operating income of $589 mn, and GAAP earnings of $0.27 per share. Dell's enterprise solution strategy continued to show positive results with server and networking revenue increasing 11% y-o-y.

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"We are consistently executing our end-to-end solutions strategy for the benefit of our customers," said Michael Dell, Chairman and CEO. "In the quarter, we completed the acquisition of Quest Software which - along with other recent acquisitions like SonicWALL and Wyse - adds leading management, security, virtualization and cloud capabilities to our expanding portfolio of powerful solutions."

"In a difficult global IT spending environment we saw solid proof points that demonstrate progress in our strategy," said Brian Gladden, Dell CFO.

"A highlight has been the strong progress of our newly introduced servers, with our server and networking business up 11%. We're also encouraged by early interest in our new Windows 8 touch portfolio and the opportunities it creates for our commercial and consumer businesses," he revealed.

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Gladden added that strong cash flow from operations generated over the past two years continued with $1.3 bn in the quarter and, combined with a strong cash position this fiscal year, helped enable Dell to invest in new capabilities and return almost $900 mn year to date to shareholders through the company's recently adopted dividend and share repurchases.

Thus, Dell ended the quarter with $14.2 bn in cash and investments.

Business Units and Regions:

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· Large Enterprise revenue was $4.2 bn in the quarter, an 8% decline. Operating income was $325 mn, or 7.8% of revenue.

· Public revenue was $3.8 bn, an 11% decrease. Operating income for the quarter was $352 mn, or 9.2% of revenue.

· SMB revenue was $3.3 bn, a 1% decline. Operating income was $349 mn, or 10.6% of revenue.

· Consumer revenue was $2.5 bn, a 23% decline. Operating loss was $65 mn or minus 2.7% of revenue.

· Revenue in Americas was down 9%; Asia-Pacific and Japan was down 11%; and EMEA was down 15%.

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