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Dell warns of falling sales in Q3
Losses rocket to $101m in second quarter
Dell has reported a $101 million loss for the second quarter, while warning investors to prepare for falling sales in Q3.
The loss from the Texan PC giant was largely due to a pre-tax charge of $742 million to cover job cuts and site closures, and compared to a $603 million net profit for Q2 the previous year.
Excluding the charges, Dell posted a profit of $433 million for the three months ended August 3.
In line with what the company forecast last month, sales were slightly down at $7.6 billion - despite overall shipments growing 19 per cent.
EMEA sales rose two per cent on the previous year's Q2, while sales in the Americas dropped three per cent.
Regarding Q3, the company warned it expecteed sales to fall of up to five per cent compared to the second quarter. ®