Dell declines after slide in revenues

Dell last night posted quarterly revenue slightly below expectations and said sales for the present quarter would be flat, sending its shares down 4.9 per cent in after-hours trading.

The company said it was revising its full-year revenue growth outlook to 1 to 5 per cent from its previous 5 to 9 per cent. Dell recorded sales of $15.7 billion (€10.9 billion) in its fiscal second quarter. Analysts had on average predicted revenue of $15.76 billion. – (Reuters)