06:43 18 August 2013
Dell, which is currently in the middle of a takeover battle between investor Carl Icahn and founding CEO Michael Dell, has said that its quarterly profits declined by 72per cent over the last year. This marks the 7th consecutive decline of profits for the world’s number 3 computer manufacturer.
Based on the report, the firm earned £130million in the second quarter of this year. This is far from £470million it reported in the same period last year. Aside from the take over battle, another reason for the sales decline is understood to be the migration of computer users from PCs to mobile devices.
Half of Dell’s revenue still comes from PC sales. However, the firm is now in the process of shifting its focus to enterprise services and software which sales increased by 9per cent.
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