(AOF) – The Dell computer group presented results much better than expected and disappointing prospects. In the first quarter, which ended in late April, Dell generated net profit down 46% to $578 million, or 79 cents per share. Adjusted for exceptional items, earnings per share came out at $1.31, where the market was aiming for 86 cents. Revenue fell 20% to $20.9 billion and exceeded expectations: $20.3 billion. The group is suffering from the sluggishness of the PC market.
These good results are accompanied by somewhat short prospects.
The IT group anticipates for the current quarter revenues between 20.2 and 21.2 billion dollars, compared with Wall Street’s forecast of 21.1 billion dollars. Adjusted earnings per share are expected between $1 and $1.20, while analysts are targeting an average of $1.18.
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New ambitions of Samsung and Huawei on the market
Samsung recently unveiled four new laptops after it backed away from operating outside Korea in 2015. For his part, faced with the American sanctions which have penalized his activities in the field of smartphones since 2019, the founder of Huawei, at the beginning of the year called on his employees to accelerate the diversification of the group. The Chinese giant recently displayed its ambitions in the PC/tablet market, which is one of the pillars of this strategy. To do this, it will have to compete with Lenovo in China and above all take market share in the United States and Western Europe, markets known to be difficult to penetrate.