"Nice guys finish last."
The company has had its share of ups and downs. In the wake of the global recession, the company is planning a freeze on hiring, it has cut thousands of jobs and taken several other cost-cutting measures. Michael Dell recently said: "We are positioning Dell to win in a new era of global IT spending. We have our most competitive product portfolio ever, whether for digital nomads or hyper-scaled data centres."
"Our growth affirms we are on track with our five key business priorities: notebooks, consumers, enterprise, SMB, and emerging countries. Looking ahead, we will focus on the five priority areas to improve competitiveness, optimize growth, earnings and cash flow, and will continue to incur costs as we realign the business, reduce headcount, and invest in infrastructure and acquisitions. We aim at achieving annualised cost reductions of at least $3 billion by 2011."
The net income was $616 million in the second quarter of this fiscal year, down 17 per cent from a profit of $746 million in the same period last year. Revenue grew 11 per cent to $16.43 billion from $14.77 billion year-on-year.
Image: Headquarters of Dell Inc in Langen, Germany. | Photograph: Dralph Orlowski/Getty Images
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