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.