Dell Enterprise Biz Grows as PC Sales Decline
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Dell reported second quarter fiscal 2012 earnings late Tuesday that showed a double-digit decline in consumer PC sales. For the quarter, Dell reported revenue of $14.5 billion, which is an 8 percent year-over-year decline. Net Income was reported at $732 million for a yearly decline of 18 percent, while Earnings per Share (EPS) came in at $0.42 for a 13 percent decline.
Dell's future outlook is also looking a bit bleak. For the third quarter Dell is forecasting revenue guidance to be down 2 percent to 5 percent sequentially.
"The Enterprise demand, obviously in the second quarter, was solid," Dell CEO Michael Dell said during the earnings call. "We think the 12th generation PowerEdge refresh continues to be strong and we're well positioned there." Dell's 12th generation PowerEdge servers were announced earlier this year as part of the Intel Xeon E5 release.