Dell posts preliminary Q2 results

Results slighly up on last year, but vendor still has to restate four years worth of results

PC giant Dell has said it is still in the ‘early stages’ of transforming its structure after posting preliminary second quarter results that were slightly up on last year.

For the second quarter of fiscal year 2008, the firm reported $14.8bn turnover, with profit of $896m. Last year the firm labelled its Q2 results ‘disappointing’ – posting turnover of $14.1bn and profit of $605m.

The firm has still to restate its previously issued financial statements for fiscal 2003,2004, 2005 and 2006, and the first quarter of fiscal 2007 – which means the Q2 2008 results are still subject to change.

Michael Dell, chief executive of Dell, said: “We continue to invest in company initiatives that align our products and services around customers’ needs in order to drive long-term, sustainable performance and extend our position as a trusted technology partner.

“While our results demonstrate we’ve made progress against our goals, we are still in the early stages of transforming our company’s structure, costs and operations.”