Dell's net income dips 48 pc; may cut jobs
IT giant Dell on Friday reported an 48 per cent decline in net income and said it could cut jobs in the Asia-Pacific region as its plans to save four billion dollar to tide over the economic slowdown.business Updated: Feb 27, 2009 11:03 IST
IT giant Dell on Friday reported an 48 per cent decline in net income and said it could cut jobs in the Asia-Pacific region as its plans to save four billion dollar to tide over the economic slowdown.
The US-based firm's net income dipped 48 per cent to $351 million for the quarter ended on January 31, 2009, against $679 million in the same period last year.
Without specifying the quantum of job cuts and the geography, Dell President (Small and Medium Business) Steve Felice said in a teleconference, "The job cuts were minor in South Asia as this region has a professional talented pool and going ahead though I can't comment on the exact number, I anticipate it to be minimal."
Asked if the company was looking at cutting workforce at its Bangalore facility, Felice said, "I cant comment on the specifics. The Bangalore facility has the second largest population (headcount) globally."
The company's revenue stood at $13.42 billion in the quarter ended January 31, 2009 as against USD 15.98 billion during the same period a year ago, a decline of 16 per cent.
For the fiscal ended January, Dell's revenue stood at $61.10 billion, down from $61.13 billion a year ago.
With the IT industry facing turbulent times globally, Dell has also raised its fiscal 2011 cost-reduction goal to four billion dollar from three billion dollar.