Dell to cut 8,800 jobs amid effort to lift earnings

Dell said it would lay off 10 percent of its 88,100 employees over the next 12 months as it tries to increase profit.

The computer maker also said Thursday that lower component costs and higher selling prices helped it produce stronger-than-expected earnings in its first quarter.

Dell surprised investors by reporting net income of $759 million, or 34 cents a share, on $14.6 billion in revenue for its first quarter that ended on May 4. In the quarter last year, Dell reported net income of $762 million, or 33 cents a share, on revenue of $14.2 billion.

Read Full Article from International Herald Tribune

- Posted: 2007-06-01 09:56:35

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