Show Entire Article
Michael Dell in his prepared comments in the company's Third Quarter earnings report points to a recovery in IT spending and cites Microsoft's Windows 7 [ MSFT 27.72 
-0.30 (-1.07%) ] release as juicing small and medium business spending, as well as spending by the consumer.
He says momentum continues in Dell's business.
Trouble is, the numbers the company is reporting in that same release don't necessarily prove his point.
Dell [ DELL 13.39 
+0.15 (+1.13%) ] reported 23 cents a share in EPS including a nickel a share in pre-tax expenses, but not including a penny of amortization intangibles, on $12.9 billion in revenue. Both numbers well below consensus of 28 cents on $13.2 billion. The company's Large Enterprise revenue of $3.4 billion was more than $200 million under the $3.64 billion that Pacific Crest's Andy Hargreaves was anticipating; and while the company's $3.7 billion in Public business beat expectations by $300 million, and its Small/Mid-sized revenue was in line at $3 billion, its Consumer business of $2.8 billion was $150 million below some estimates.
Show Entire Article
More Top Stories