Dell Q1 2013 Earnings Misses Market Expectations 

Dell Inc, the American multinational computer technology corporation that sells and supports computers and related products and services, (NASDAQ: DELL), reported its first-quarter results for the fiscal year 2013 with a drop in net income by 28% compared to the same period a year earlier, as the company said that net income for the quarter was 761 million, or 0.43 a share, down from 1.050 billion, or 0.55 a share, a year earlier, and it was below expectations of 0.461 a share.

The company posted revenues of 14.422 billion during the first-quarter, 4% down from previous revenues of 15.017 billion, while operating income declined by 27% to reach 1.010 billion, compared with same quarter last year of 1.376 billion.

Michael Dell, chairman and CEO, said that they are committed to continue their strategy to re-shape the company’s business as an end-to-end IT provider, knowing that the company expects second quarter revenue to be in line with historical seasonal trends and be up 2-4% from first-quarter levels.

The company’s shares ended yesterday’s session inclining by 0.11 or 0.73% to close at 15.08, while Dell’s share could hold gains to trade bearishly during the aftermarket trading, the share dropped by 1.92 or 12.73% to reach 13.16.