Dell's Poor Showing in Second Quarter Makes Analysts Bearish


Dell’s second quarter results fell short of expectations as its year-over-year earnings fell by 17%. Its second quarter earnings stood at $616 million as opposed to $746 million last year. But Dell’s CFO Brian Gladden doesn’t see the dip in profits as a cause for concern. He labeled the second quarter as a “great growth quarter” and imputed the fall in earnings to the money spent on driving growth in Europe . Although the company’s revenue in the second quarter was up by 11% compared to the preceding year, Wall Street pundits are unsatisfied by the results. Dell is focusing on strengthening its retail presence around the globe and expects to profit from it in the long-run. Are you bullish or bearish about Dell’s prospects? Have your say.

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