Dell Drops Hard on Q2 Earnings Results

Shares of Dell DELL are trading lower in the after-hours following the release of the company's Q2 earnings results. Currently, shares are lower by 6.65%, trading at $14.75; they ended the regular session higher by 1.94%, at $15.80. Dell reported non-GAAP Q2 EPS of $0.54 ($0.48 per share GAAP) on revenues of $15.7 billion. Revenues increased 1% year over year and 4% sequentially. Revenue for Dell's commercial business was $12.8 billion, up 6% sequentially and 1% from a year ago. Dell is also raising its non-GAAP operating income growth expectation for FY 2012 to 17-23% year-over-year from 12-18%. Michael Dell, chairman and chief executive officer: "We continue to see great momentum in the high-growth areas of our business, which is a direct reflection of the discipline and strong execution our global Dell team is applying to help solve real-world challenges for our customers.” He added, “We're creating efficiency across every step of the IT value chain and ultimately enabling all customers--from home users to large businesses and government organizations--to achieve the outcomes that matter most to them." Dell Inc. is a technology company that offers a range of technology product categories, including mobility products, desktop personal computers (PCs), software and peripherals, servers and networking products, storage and services.