Dell Sees IT Spending Slow Through Summer 2008

By Scott Ferguson  |  Print this article Print

While the company posted upbeat first-quarter financial results, Dell is seeing a slowdown in IT spending.

Dell is expecting IT spending to cool down this summer.

While the Round Rock, Texas, PC vendor posted solid financial numbers May 29, it warned that the slowing U.S. economy will continue to force enterprises and small businesses to curb their IT spending throughout the 2008 summer.

For the company’s 2009 fiscal first quarter, which ended May 2, Dell reported net income of $784 million, or 38 cents a share, compared with the $756 million, or 34 cents a share, income the company posted a year ago. Dell’s revenue for the quarter hit $16.1 billion, an increase of 9 percent. Wall Street analysts had been looking for revenues of $15.7 billion and a net income of 34 cents a share.



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