Dell Posts Profit Drop
Dell’s turnaround of the past two years hit a speedbump Friday, as the computer giant announced a 6.5 percent drop in profit for the fourth quarter, the Wall Street Journal reported.
The drop was attributed mostly to “more conservative spending” among customers in recent months, as well as a few one-time expenses related to research and development. The company was also hurt by rising costs, as well as most of its business coming from the U.S. market, as the domestic economy weakens.
In the third quarter, Dell had posted a 27 percent increase in profit over the same period the year before.