The PC maker’s net profit fell to $130 million in the three months to May 3, on revenue down 2% to $14 billion.
Dell is in the middle of a dispute between founder Michael Dell and two of its biggest shareholders.
Michael Dell wants to take the company private, but some investors oppose the plan.
Michael Dell and private equity group Silver Lake have offered to buy back the company for $24.4 billion, and have pledged to shift the business away from PCs to mobile devices.
But its biggest shareholders – the investor Carl Icahn and Southeastern Asset Management – have argued that the valuation of the company is too cheap, and that Michael Dell’s deal is a “giveaway”.
Instead, they have proposed to offer additional shares to shareholders and install mew management.
In its quarterly results, Dell said that revenue from new technologies, services and software, rose 12% to $5.5 billion. That was in contrast to PC sales, which fell 9%.
Dell did not issue a profit guidance for the second quarter due to the ongoing dispute. The company has created a special committee of the board to study the private equity deal and alternative bids.
The dental health industry is undergoing an unprecedented transformation, driven by technological innovations and a…
In recent years, the medical field has observed a significant increase in the number of…
Whether you're considering selling your home soon or simply looking to enhance its long-term value,…
Three Indian nationals have been arrested and charged over the killing of Sikh separatist leader…
President Joe Biden has urged pro-Palestinian protesters on university campuses to uphold the rule of…
Blue Ivy Carter has joined the voice cast of The Lion King prequel Mufasa: The…