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Dell Inc. (DELL)

DELL is defunct since October 29, 2013. Acquired by Silver Lake Partners
  • Aug. 15, 2013, 4:26 PM
    • FQ2 revenue of $14.51B (up slightly Y/Y) soundly beat a $14.18B consensus, as DELL continues to sacrifice margins to gain share (or simply lose less of it). Gross margin was 18.5%, -100 bps Q/Q and -310 bps Y/Y.
    • Enterprise hardware revenue +8% Y/Y to $3.3B (23% of total). Dell continues to take server and Ethernet switch share (networking +19%). Storage remains soft, -7%. Division op. income -9% Y/Y to $137M.
    • PC division sales (still 63% of revenue) -5% Y/Y to $9.1B, though that's better than FQ1's 9% drop and a ~10% calendar Q2 industry decline. Desktops +1%, notebooks +10%, 3rd-party software/peripherals -5%. Thanks to aggressive pricing, the division's op. income fell 71% Y/Y to $205M.
    • Services +2% to $2.1B. Op. income +1% to $339M.
    • Software revenue +228% Y/Y to $310M, thanks to Quest and other acquisitions. Op. loss of $62M thanks to R&D investments.
    • Company-wide R&D spend +23% Y/Y to $320M, as Michael Dell gets his post-LBO strategy going ahead of time. SG&A +6% to $2.1B.
    • DELL +0.2% AH to $13.73, a little closer to the $13.88/share LBO offer price ($13.75/share + $0.13/share special dividend).
    • FQ2 results, PR
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  • Aug. 15, 2013, 4:05 PM
    • Dell (DELL): Q2 EPS of $0.25 beats by $0.01.
    • Revenue of $14.5B. (PR)
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  • May 16, 2013, 4:22 PM
    More on Dell: Revenue only fell 2% Y/Y after dropping 11% in FQ4 - Carl Icahn will notice. But gross margin -140 bps Y/Y to 20.6%; Dell was apparently willing to price more aggressively. Spending picked up: SG&A 15.7% of revenue vs. 13.9% a year ago, R&D 2.2% vs. 1.7%. Desktop sales only -2%, much better than FQ4's -14%. Notebooks -16% vs. -25%. PCs 49% of sales. Servers/networking (19% of sales) still strong, +14% vs. +18%. Storage still weak, -10% vs. -13%. Services +2%, up from -3%. 3rd-party software/peripherals -6% vs. -11%. $295M in Dell software sales (lifted by Quest). No guidance. DELL unchanged. CC at 4:45PM ET (webcast) (PR)
  • May 16, 2013, 4:02 PM
    Dell (DELL): Q1 EPS of $0.21 misses by $0.14. Revenue of $14.1B beats by $0.58B. (PR)
  • May 16, 2013, 12:10 AM
    Notable earnings after Thursday’s close: ADSK, AMAT, ARUN, BRCD, DELL, JCP, JWN, SINA, VNET
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  • May 15, 2013, 5:35 PM
    Notable earnings after Thursday’s close: ADSK, AMAT, ARUN, BRCD, DELL, JCP, JWN, SINA, VNET
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  • May 14, 2013, 11:38 AM
    Dell (DELL -0.6%) will deliver its FQ1 report on Thursday instead of next Tuesday and EPS will miss estimates, David Faber reports. Though light on details, Faber says annualized operating income will be "well below" the $3B the Street is looking for, and notes weaker free cash flow will hurt the ability of a buyer to lever up the company. Shares are down to $13.44, 2% below Michael Dell/Silver Lake's $13.65 offer price. Update: Dell confirms its FQ1 report will now arrive on Thursday afternoon.
  • Feb. 19, 2013, 4:59 PM
    More on Dell: The revenue beat might provide ammo for those wanting a higher LBO price. But many numbers are still bleak. Notebook sales -25%, desktops -14%, 3rd-party software/peripherals -11%, storage -13%, services -3%. Though lifted by M&A, servers/networking still a bright spot, +18% with Force10 up 100%+. Large enterprises -7%, SMBs -5%, public -9%, consumer -24%. Gross margin was 21.7%, +80 bps Q/Q and -60 bps Y/Y. Thanks to revenue drop, opex 16.8% of sales vs. 15.3% a year ago. DELL +0.4% AH to $13.85. CC about to start (webcast). (PR) (FQ3 data)
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  • Feb. 19, 2013, 4:07 PM
    Dell (DELL): FQ4 EPS of $0.40 beats by $0.01. Revenue of $14.31B (-11% Y/Y) beats by $190M. No guidance provided. Shares +0.2% AH. (PR)
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  • Feb. 19, 2013, 7:52 AM
    Dell (DELL) is scheduled to release its FQ4 earnings after the bell, with the Street forecasting that EPS fell to $0.39 from $0.51 and that revenue slid 11.9% to $14.12B. The problem for Michael Dell and his co-acquirers in the company's buyout is that if the results are too good, recalcitrant investors might have more ammunition in their quest for a higher offer.
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  • Feb. 19, 2013, 12:10 AM
    Notable earnings after Tuesday’s close: ADI, AMRS, ANAD, BAS, BJRI, CF, DELL, DX, FNF, GTAT, HLF, LLNW, MAR, MDRX, MM, NBR, NFX, QEP, SHO, SINA, TEX, ZIXI
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  • Feb. 18, 2013, 5:35 PM
    Notable earnings after Tuesday’s close: ADI, AMRS, ANAD, BAS, BJRI, CF, DELL, DX, FNF, GTAT, HLF, LLNW, MAR, MDRX, MM, NBR, NFX, QEP,SHO, SINA, TEX, ZIXI
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  • Feb. 12, 2013, 4:45 PM
    Pzena Investment Management (PZN): Q4 EPS of $0.08 misses by $0.01. AUM of $17.1B, up from $13.5B a year ago, with market gains accounting for 75% of the increase. The firm is a large holder of DELL and CEO Richard Pzena opposes the LBO. The conference call is set for 10 AM ET tomorrow. (PR)
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  • Nov. 15, 2012, 6:45 PM
    More from Dell's FQ3 call and slides: Large enterprises (-8% Y/Y, +5% for enterprise solutions) are said to be deferring discretionary IT purchases; that's backed up by October's earnings reports. Dell was a little more positive about SMBs (-1%, +15% for ES). Sales of DCS servers, used by Internet companies for "scale-out" deployments, rose 126% Y/Y. Networking +40%, boosted by Force10. More than one analyst suggested a big change is needed in PC strategy: cost cuts, price cuts (to maintain scale), and a retreat from the consumer market were among the suggestions.
  • Nov. 15, 2012, 6:31 PM
    Mentioned within Dell's (DELL) FQ3 call and earnings slides: The company admits price pressure is hurting PC margins in spite of Dell's willingness to cede low-end share; it evaded a question about whether declining scale is also hurting. Native Dell storage sales fell 3% Y/Y, missing expectations. European and government demand remains weak, and emerging markets were especially soft (Lenovo could be a reason why). Services backlog totaled $15.8B, +2% Y/Y but -3% Q/Q. DELL -2% AH. HPQ -0.5%. (FQ3: I, II)
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  • Nov. 15, 2012, 4:25 PM
    More on Dell: Notebook sales -26% Y/Y (was -19% in FQ2) and desktops -8%, share losses a factor. Software/peripherals -11%, storage -16%, services -1%. Servers +11% and gaining share. Total enterprise solutions +3%. Consumer sales (PC-dependent) -23%, government -11%, large enterprises -8%, SMBs only -1%. Americas -9%, Asia-Pac -11%, EMEA -15%. Gross margin was 20.9%, down 70 bps Q/Q and 170 bps Y/Y. No shares repurchased, ending a string of huge buybacks. DELL now -1.1% AH. CC at 5PM ET (webcast). (PR) (slides)
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Company Description
Dell listens to customers and delivers innovative technology and services they trust and value. As a leading technology company, we offer a broad range of product categories, including mobility products, desktop PCs, software and peripherals, servers and networking, services, and storage.... More
Sector: Technology
Country: United States