Wednesday, February 22, 2012

Dell Drops After Earnings Report

Round Rock-based Dell announced its quarterly and yearly results Tuesday evening, saying that it had revenues of $62.1 billion for its fiscal year, and revenues of $16 billion in Q4. The firm said that it saw growth in its Dell Services revenue, which are now 14 percent of its business, and in the storage arena, where its revenues grew to $463 million in the quarter. Despite the gains, the company dropped in morning trading by around 6 percent, after it missed analysts estimates in the quarter.