Dell's Q4 Revenue and Profits Decrease
Firm recently went private in $24.4 billion deal.
Amid its $24.4 billion deal to go private, Dell's Q4 financial results has seen the company's revenue and profits decreasing.
The company generated revenue of $14.3 billion during 2012's fourth quarter, which, while it is a slight increase from Q3, it is a decrease of 11 percent from the same quarter in 2011. It made a net profit of $530 million, representing a 31 percent drop year-over-year.
Revenue for Dell's consumer division dropped by 24 percent year-over-year, and operating income decreased by 87 percent. Nearly every division within Dell experienced a drop in revenue and income except servers and networking, which saw an 18 percent growth with $2.6 billion.
For 2012 as a whole, Dell reported earnings of $2.37 billion, or $1.35 a share, on revenue of $56.94 billion, a decrease of 8 percent from 2011.
"We continued to execute our long-term strategy in Q4, and realized a 6 percent increase in our enterprise solutions and services business," said Dell CFO Brian Gladden. "We also continued to generate strong cash flow from operations of $1.4 billion in the quarter. Our strong balance sheet and cash position enabled the company to invest almost $5 billion in new capabilities and intellectual property this fiscal year, including great assets like Quest, SonicWall, Wyse and AppAssure."