Dell’s Q2 results miss estimates

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12 August 2005 – Round Rock (TX): Dell’s Q2 revenue was up by 15 per cent to $13.4 billion from $11.7 billion last year, but missed analysts’ expectations of 17 per cent growth.

 

CEO Kevin Rollins blames aggressive price cuts and low orders from the federal government for the shortfall.

 

Net income for Q2 was up 28 per cent to $1.02 billion or EPS of $0.41 compared to net income of $799 million or EPS of $0.31 in Q2 2005.