Dell has lowered its first quarter turnover expectations, due to pricing pressures, the firm said.
First quarter revenue of will now be approximately $14.2bn versus Dell’s original guidance of $14.2bn to $14.6bn
In a statement the vendor said: “The shortfall in earnings versus previous guidance was driven primarily by pricing decisions in the second half of the quarter that the company expects will accelerate revenue growth in the future.”
Kevin Rollins, Dell's chief executive officer, said: "During Q1 we continued
to execute on our strategy to reinvigorate growth by making investments in our
support infrastructure and product quality and by accelerating pricing
adjustments. We are committed to delivering industry leading value to our
customers, which ultimately results in industry leading growth for the company.
Dell will announce financial results for fiscal 2007 first quarter on 18 May.
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