UPDATE:
Dell shares sold off in after-hours trading after the company reported lower than expected top and bottom-line results this afternoon.
The company said it earned $0.43 per share on sales of $14.42 billion, below the $0.46 and $14.91 billion Wall Street forecast.
Mobile, personal computing, software, and storage all registered lower sales as the company continued to refocus around the service business.
“We’re committed to continuing our strategy to re-shape Dell’s business as an end-to-end IT provider,” said Dell CEO Michael Dell. “We saw continued progress in our first quarter with the innovative IT solutions we’re providing – notably our latest Dell servers, storage, networking and services that deliver customers enhanced productivity.”
Three of the company's four main segments saw revenue decline year-on-year, with large enterprises, the public sector and consumers spending between 3 and 12 percent less with the company.
However Dell posted 4 percent growth in sales to small and medium businesses.
Regionally, Dell saw strength in emerging markets, with sales to Brazil, Russia, India, and China up 4 percent — mainly on a 9 percent jump in China. Americas revenue fell 7 percent while Europe, the Middle East and Africa recorded a 1 percent decline.
Shares fell more than 7 percent after the announcement.
Below, key sales breakdowns from Dell:
ORIGINAL:
Computer maker Dell Inc. will report quarterly results after the closing bell today with analysts expecting earnings per share of $0.46.
Wall Street forecasts the firm saw top line results of $14.9 billion during the period.
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