Dell has reported revenues of $12.3 billion for the first quarter of fiscal 2010, a decrease of 23% compared to revenues of $16.1 billion for the same period of fiscal 2009.
The company’s net income was $290m, or $0.15 earnings per share for the first quarter of fiscal 2010, compared to a net income of $784m, or $0.38 earnings per share for the same period of fiscal 2009.
For the first quarter of fiscal 2010, Dell’s net income decreased by 63% and earnings per share decreased by 61%, year over year.
For the quarter, the company’s Large Enterprise business unit’s revenues were $3.4 billion – a decrease of 31%; Public business unit’s revenues were $3.2 billion – a decrease of 11% and Consumer business unit’s revenues were $2.8 billion – a decrease of 16% compared to the same period of fiscal 2009.
The company’s sales to small and medium business customers totaled $3 billion, a 30% decrease from a year ago.
The company said that it further broadened its enterprise computing and services capabilities in Q1, including introduction of Dell’s 11th-generation servers and significant growth in sales of its EqualLogic scalable, virtualised storage solution.
Michael Dell, chairman and chief executive officer of Dell, said: “We’re continuing to transform the company on the cost side and delivering strong cash flow. Re-establishing cost leadership and having flexibility to invest in our business will position us well as IT spending improves.”
