Dell: Turnaround interuptus as share grab hurts net, margins

Dell’s second quarter earnings fell short of projections, but revenue was well ahead of targets. Translation: Dell is gaining share at the expense of its bottom line as price competition heats up. Dell reported fiscal second quarter earnings of 31 cents a share on revenue of $16.4 billion, up 11 percent from a year ago. Dell in its statement noted that it gained share across the board. The problem: Dell was expected to report fiscal second quarter earnings of 36 cents a share on revenue of $15.95 billion, according to Thomson Reuters. The company said it took a hit of 2 cents a share related to restructuring and acquisition charges. Even excluding those charges Dell’s earnings tally is well short of expectations. Simply …

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