Dell yearly results posted; profit down 31 percent
updated 05:27 pm EST, Tue February 19, 2013
by MacNN Staff
No 2014 or first quarter guidance given, citing plan to go private
Dell announced fiscal 2013 fourth quarter and full-year results today, with revenue of $14.3 billion for the quarter, with an 11 percent drop from the same time period last year. Profit fell as well, with a net income of $530 million, marking a 31 percent drop year-over-year. Dell ended the fiscal year with $15.3 billion in cash and investments.
Leading the results was Dell's enterprise solutions and services department, with an increase of six percent in the quarter to $5.2 billion and came in on the year at $19.4 billion. The department marked 34 percent of Dell revenue for the fiscal year, climbing four percent year over year.
Dell noted a 20 percent drop in desktop and mobility business revenue for the quarter, erasing gains held earlier in the year, and settling in at a three percent gain for the year. Overall, public revenue fell nine percent, and small and medium business departments fell five percent. Consumer revenue fell 24 percent to $2.8 billion, with an overall drop of 10 percent of business in the US, and a nine percent drop in Japan.
The company declined to provide an outlook for fiscal year 2014 or the first quarter, given the "company's announcement Feb. 5 of a definitive merger agreement to take Dell private." Dell has beginning to see some resistance to the plan to take the company private.