Date: Monday November 21, 2005 10:15:00 am
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Dell profit sinks on Q3 charges
November 2005 – Round Rock (TX): Dell has reported a 28 per cent profit drop in its Q3 results.
Net income fell to $606 million, or EPS of $0.25, from $846 million, or EPS of $0.33, the year before. Excluding one-off charges, profit rose 12 per cent.
Revenue rose 11 per cent to $13.9 billion from $12.5 billion a year earlier.
The company said it had approximately $442 million in one-time charges in its Q3, including around $300 million for repairing faulty capacitors in business computers. The remainder was accounted for with job cuts and other restructuring costs.
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