Dell reports falling profits

World’s second largest personal computer maker Dell (HP is the first now) has come out with their latest revenue report and it is not looking good.

The company has posted a sharply lower quarterly profit figure. Even the revenues were short of the market expectations.

Dell suffered at the stock market due to this as the share price went down by 1.7%.

Company founder Dell said that they are seeing pressures on growth and profit margins in the next several quarters. The company would be spending money on revamping its operations to get back the cutting edge.

Dell recently lost the no. 1 ranking to Hewlett Packard in the personal computer market as they are struggling to retain clients. The company relies a lot on the revenues from corporate customers which is no longer as profitable as the consumer market.