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Dell records decline in fiscal Q3 2009 profits

By Paul Kunert

21 November 2008

Despite getting rid of more than 11,000 staff worldwide and slashing op-ex by $1bn in a year, Dell has honed in on further cost cutting actions as it recorded fiscal third quarter results for 2009.

This prudent management bears all the hall marks of a company that is battening down the hatches in anticipation of a bumpy ride, following a 3% decline in revenues to $15.1bn for the three months ended October and a 5% fall in profits to $727m .

“As we have indicated throughout this fiscal year Dell has seen weakening global IT end-user demand and we expect this weaker demand environment to continue for the foreseeable future,” said Brian Gladden, Dell CFO.

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