Dell's net income for its fiscal second quarter nosedived as it struggled compete in a smartphone- and tablet-centric world.
Dell posted net income of $204 million in the quarter, down 72 percent from the same quarter a year ago. Revenue came to $14.5 billion, essentially flat from the same period last year. One of the few bright spots was that revenue beat Wall Street forecasts, which averaged about $14.18 billion, according to Thomson Reuters.
Mobility is not faring well, however. Though Dell did not conduct the traditional conference call with analysts, it did offer a presentation where it stated that mobility revenue was down 10 percent year-to-year to $3.6 billion.
Mobility "demand [is] pressured by customers diverting spending to alternative mobile solutions," the company said in one slide.
This echoes tablets cannibalizing PC sales."when the company cited a "deteriorating outlook for the PC market as a result of, among other things, smartphones and
Desktop and thin client revenue was up slightly, by 1 percent, while revenue in software and peripherals was off 5 percent year-to-year, the company said.
Corporate enterprise computing, with revenue of $3.3 billion, was up 8 percent year-to-year.