Dell posted its Q2 earnings report Thursday, reporting a 72 percent drop in net income. The report comes in the throes of a long-running battle for Dell’s future. Founder and CEO Michael Dell is leading an effort to take the company private through a $25 billion deal, but activist shareholder Carl Icahn has come out strongly against it, suggesting an alternate plan. The declining PC market took a toll on Dell’s net income for the quarter. It fell 72 percent to $204 million, from $732 million in the year-ago period. Revenue was mostly flat.
Loading ...
Dismal Quarter Sheds No Light on Dell's Murky Future
Posted by: Rachelle Dragani August 16, 2013 03:06 PMDell posted its Q2 earnings report Thursday, reporting a 72 percent drop in net income. The report comes in the throes of a long-running battle for Dell’s future. Founder and CEO Michael Dell is leading an effort to take the company private through a $25 billion deal, but activist shareholder Carl Icahn has come out strongly against it, suggesting an alternate plan. The declining PC market took a toll on Dell’s net income for the quarter. It fell 72 percent to $204 million, from $732 million in the year-ago period. Revenue was mostly flat.