Computer giant Dell, which employs more than 4,000 people in Ireland, reported a surprise 17 per cent decline in quarterly profit today as the company suffered from tighter corporate spending in United States, sending
its shares down 8 per cent.
Net income for the fiscal second quarter ended August 1st fell to $616 million, or 31 cents per diluted share, from the restated year-ago net income of $746 million, or 33 cents per diluted share.
Revenue rose 11 per cent to $16.43 billion. Dell shares in the US tumbled to $23.20 in extended trade following the quarterly report, after closing down 42 cents at $25.21 on Nasdaq.