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Dell: Fiscal 2Q14 Financial Results

Will storage ever rebound?

(in US$ million) 2Q13 2Q14  6 mo. 13   6 mo. 14
 Revenues 464 432 937  856
 Growth   -7%    -9%

Dell, Inc. reports fiscal 2Q14 financial results for the three-month period ended August 2, 2013.

Global quarterly sales reached $14.5 billion, flat year over year.

Storage revenue without services during the period declined 7% Y/Y at $432 million, up 2% Q/Q. If these amounts continue to be flat, the company will have difficulties to exceed its former figure of $1.7 billion in annual storage revenue at the end of its current fiscal year.

  
Storage Revenue
 (without services)

Period
   In $
millions
  Q/Q
Growth
 1Q12    481  -12%
 2Q12    502    4%
 3Q12    460   -8%
 4Q12    500    9%
 1Q13    444  -11%
 2Q13    464    5%
 3Q13    386  -17%
 4Q13    434   12%
 1Q14    424   -2%
 2Q14    432    2%

 

(in $ millions) FY11  FY12   FY13
 Revenues 2,295 1,943  1,699
 Growth   5%  -15%  -13%
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