Dell's PC business has continued to struggle in the second quarter: the company just reported that consumer revenues have fallen to $2.6 billion, a 22 percent decrease compared to the same period last year. Overall revenue is said to be $14.5 billion, an 8 percent drop that Dell attributes to the troubled economic climate and a dip in desktop and mobile computing sales. That lines up with analysis we saw earlier this month when Canalys predicted that hardware shipments from both Dell and HP would take a major hit — a stark contrast to the booming tablet market.
The company's enterprise segment was easily the highlight of the quarter, growing 6 percent year over year to $4.9 billion and representing 34 percent of Dell’s consolidated revenue. Executives touted that positive news as proof that the company's transition to an enterprise-focused business is the right decision. "We continued our progress in shifting the mix of our business to higher-margin enterprise solutions, led by solid growth in our server, networking, services, and Dell IP storage businesses," said Dell's CFO Brian Gladden.
We'll be listening in to Dell's financial conference call for anything of note and will be sure to update you if the company's leadership provides any valuable insight.