Dell affected by coronavirus, confirms cpu shortage

Tom Sweet, Chief Financial Officer at Dell; "We are going to have to navigate through some of the short-term dynamics we've been seeing." This is what I discussed during your 2019 fourth quarter earnings call. This is a reference to the recent coronavirus 'epidemic'.

Dell affected by coronavirus and confirms CPU shortage

Dell reported net income of $ 416 million in the fourth quarter, compared to a loss of $ 287 million in the same quarter the year before. Revenue was essentially flat at $ 24 billion.

Dell executives said they hope the coronavirus will impact their ability to manage their supply chain in China and elsewhere. Executives also said they were considering whether consumer demand for PCs was "perishable, " which Dell defined as the possibility that consumers considering purchasing a PC from Dell would leave if the company failed to deliver them..

Dell's call for profit comes a day after Microsoft said its PC and Surface business would be adversely affected by the impacts of the coronavirus.

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Dell reported fourth-quarter revenue was $ 11.8 billion from its PC or customer solutions business, up 8% year-over-year. In its server business, the Infrastructure Solutions Group, fourth-quarter revenue was $ 8.8 billion, down 11%. VMware revenue for the fourth quarter was $ 3.1 billion.

Although the COVID-19 (Coronavirus) precautions have already canceled major shows like the MWC and impacted attendance by others, Dell said its global Dell Technologies conference will still take place on May 4 in Las Vegas. Facebook, however, said Thursday that it had canceled its F8 conference that was scheduled to start on May 5. We will keep you informed.

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