Profits drop at PC giant Dell

Dell stocks too a small hit just before the weekend, but it looks like they knew it was coming and was a trade off for tax breaks next year.

“Computer industry bellwether Dell has reported an 11% drop in quarterly profit because of a one-off tax charge. Net income in the three months to 28 January was $667m (357m) from $749m a year earlier. Sales were up 17% at $13.46bn – just below market targets. Dell paid $280m in taxes during the quarter so it would now qualify for a lower tax rate on overseas profits.”

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