(DELL) Dell Posts Bleak First Quarter Earnings

Dell Inc. (DELL) delivered first-quarter 2014 earnings of 21 cents per share, way below the Zacks Consensus Estimate of 34 cents. Revenues The company reported revenues of $14.1 billion in the reported quarter, down 2.2% year over year. The decline in revenues can be attributed to the lower contribution from the Product segment. Revenues by Segments The company reported revenues under the following segments: The company generated Enterprise Solutions Group revenues of $3.1 billion, improving 10.0% on a year-over-year basis. Under, this segment, Dell server and networkingrevenuesincreased 16.0% compared to the year-ago quarter. Apart from this, Dell networking continues to grow with a 24.0% increase in revenues, which includes a 46.0% growth in the company’s Force10 business. Dell Services witnessed a revenue growth of 2.0% and reached $2.1 billion, supported