ID :
90744
Fri, 11/20/2009 - 23:41
Auther :
Shortlink :
https://oananews.org//node/90744
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MALAYSIA PERFORMED FAIRLY WELL IN FISCAL THIRD-QUARTER, SAYS DELL
KUALA LUMPUR, Nov 20 (Bernama) -- Malaysia performed fairly well compared to
other ASEAN countries in the fiscal third-quarter 2010, despite a eight per cent
decline in Dell's unit sales.
Dell Inc., together with its subsidiaries, engages in the design,
development, manufacture, marketing, sale, and support of computer systems and
services worldwide.
Dell's president of Small and Medium Business, Steve Felice said the decline
was not very significant, in the face of an unhealthy economic environment.
"Malaysia is on par with the other countries in the region like Thailand,
although unit sales slipped in the third quarter.The decline is also all right
while on an economic recovery path," he told the media in a conference call
Friday.
Steve said Malaysia will continue to be a highly strategic country with Dell
continuing investments as it seeks to achieve a solid performance.
He added that Dell is bullish over demand in Malaysia and other countries in
Asia Pacific region.
According to Steve, China and India had performed very well in contributing
significantly towards revenue and sales and the company is upbeat over the
performance of both countries.
"The launch of the Windows 7 will help augment demand in Asia and it
will be predominantly seen in the small and medium business (SMB) and consumer
base.
"We are confident that with or without the Windows 7, the replacement
cycle will be strong.The power, efficency and features of Dell will
continue to prompt this replacement cycle," he explained.
Dell's net income dropped 54 per cent to US$337 million in its fiscal third
quarter 2010, ended October 30, compared to the US$727 million recorded over the
same period previously.
Revenue also fell 15 percent to US$12.9 billion for the latest quarter
compared to US$15.16 billion previously.
Meanwhile, cash flow from operations was again strong, totalling US$801
million.
Steve explained that Dell is anticipating a stronger performance in November
as since October, there has been healthy subsequent growth, besides signs of
improvement in the overall underlying IT demand.
"For the fourth quarter, Dell expects a seasonal demand improvement in its
consumer business.Therefore, we are aiming for the fourth quarter revenue to
improve over the third.
"Sequential increases in demand and revenue from business customers
highlighted Dell's third quarter.It reflects the company's strenghtening
enterprise-solutions capabilities.Overall operating expenses also continued to
decline as a result of strategic cost intiatives," he said.
Dell has reduced its total operating expenses by US$1.6 billion and made
further progress in lowering the cost of goods sold, since committing to a US$4
billion in cost reduction by the end of the next financial year or sooner.
Overall, Steve said the Asean region had performed better on growth than
others for Dell in the period stated.
"It will continue to be a high stand point for Dell's development.We are
confident of achieving positive growth in Asia," he highlighted.
Dell Inc. is a multinational technology corporation that develops,
manufactures, sells, and supports personal computers and other computer-related
products.
--BERNAMA