Dell profit drop 31 percent year-over-year
In what seems like one of the last times that Dell has to publish its quarterly earnings report, the company announces a fiscal Q4 2013 revenue of $14.3 billion, down 11 percent year-over-year, with a profit of $530 million, a drop of 31 percent year-over-year. The crash is particularly stunning when you look at the consumer division, which was once Dell's bread-and-butter.
Revenue there was down 24 percent year-over-year and operating income has dropped by a staggering 87 percent. In fact, almost every division within Dell has seen its revenue and income drop, with the exception of servers and networking, which enjoyed an 18 percent growth from Q4 of 2012, pulling in just over $2.6 billion. As we've said before, though, the few enterprise-related bright spots are likely not enough to hold off the company's continued slide. Lets just hope that loan from Microsoft is put to good use.