IT giant Dell on Friday reported a 48 per cent decline in net income and said it could cut jobs in the Asia-Pacific region as its plans to save $4 billion to tide over the economic slowdown.
The company's revenues also slipped four per cent to $14.42 billion in Q1 FY'13 from $15.01 billion in 2012.
"Dell moved into second place in the worldwide PC market for the first time since the fourth quarter of 2008. Dell did well in the Asia and Pacific region, where it has invested heavily lately. Professional PC refreshments definitely boosted Dell's growth," according a survey done Gartner.
It's free cash flow over the past 12 months was more than $3 billion.
Computer hardware manufacturer Dell on Monday launched a new range of notebook computers and mobile workstations in India.
Betting big on India, global PC maker Dell on Tuesday said it has taken the first lead in putting India on the map of branded computer exporting nations.
Computer maker Dell has reported 18 per cent drop in net profit to USD 732 million in the May-July quarter of this fiscal, which saw 30 per cent dip in India revenues -- sharpest fall in the Asia Pacific region.
As many as 40 companies, including Dell, HP, and Lenovo, have applied for the IT hardware PLI scheme with a commitment to make personal computers, laptops, tablets, servers and other equipment worth Rs 4.65 lakh crore during the scheme period, an official statement said on Thursday. If all companies get selected under the scheme then the government will need to increase the incentive amount to Rs 22,890 crore against the budgetary allocation of Rs 17,000 crore, according to the note. "Total 40 applications have been submitted till the closure of the window on August 30.
Andrea Binaghi, who has headed the Italian tennis federation (FITP) since 2001, pointed to reforms over the last 10-15 years to decentralise the coaching system and offer more financial, technical and psychological support to young talent.
Micron Technology, a global leader in memory and storage, is considering supplying Made-in-India chips from its Gujarat plant to one of its key global clients, Apple, whose vendors assemble iPhones in the country. Micron is setting up an assembly test marking and packaging (ATMP) plant in Sanand, Gujarat. Currently, Apple vendors import chips for manufacturing iPhones. Sources in the know say the aim is to use part of the production to supply to Micron's clients in India directly.
This year, Dell will launch new smartphone models and venture into the printers segment to cement its position as a hardware company in India.While the company believes that the biggest growth driver in 2011 will be smartphones, it is also eyeing the enterprise and small business segment with the launch of eight new printers.
With the first Dell personal computers going on sale in Wal-Mart Stores in the US and Puerto Rico, the $56 billion company is reportedly planning to sell its PCs through retail stores in Asia (including India) and Australia.
Dell India now wants to reach out to all segments, saying it will give an aggressive push to win customers in consumer, government and education space.
Global computer major Dell on Thursday signed a memorandum of understanding with Tamil Nadu government to set up its first manufacturing plant to make desktop PCs in the Special Economic Zone near Sriperumbudur.
Dell will deploy the earmarked $2.57 million to 10 institutions in the country working toward child labour rehabilitation, educating daughters of sex workers and an initiative to impart information on climate change. Dell YouthConnect plans five pilot projects in India with NGOs, with up to $500,000 of funding in the first year.
Dell, the most profitable computer maker in the world, announced on Friday that its Indian operations will employ close to 10,000 people by the end of the current year.
Dell has launched the 5-inch Dell Streak, a tablet-cum-phone at Rs 35,000, which will become one of the biggest phones in the country.
Buoyed by strong demand from the corporate and small-and-medium business (SMB) sectors in India, Dell Inc, the world's No. 2 computer maker, said on Tuesday that it would be doubling the production capacity of its lone plant in India from 4 lakh to about 1 million units per annum. In a move to achieve this, the company announced the manufacture of a wide range of laptop lines at the Sriperumbudur plant near Chennai.
Personal computer maker Dell will be closing down one of its manufacturing plant in the US early next year, a move that will affect nearly 905 jobs.
India has become the fastest growing market for the nearly $57 billion IT company Dell. For its third quarter of the financial year 2008, the company posted a 47 per cent growth in revenues for India compared with China's 22 per cent growth.
Here's a quick round up of the latest and hottest happenings in the world of gadgets and gaming this week.
Dell Inc, a leading direct seller of computers, is shifting technical support for its business customers from Bangalore to the United States following complaints about difficulty in understanding the accents of its Indian staff.
As a part of this strategy, the company is rolling out its first brand campaign in India roping in real-life business heros and entrepreneurs to endorse its products, especially targeting the small and medium businesses. This is in a slight change in its marketing strategy which was earlier largely focussed on the large enterprises.
It started out as a Production Linked Incentive (PLI) scheme to make India an export hub. But after many a twist and turns, the latest 2.0 PLI for IT hardware, for which the 40 eligible candidates have applied till its deadline, is now focused on 'import substitution'. The scheme will help in reducing India's over-dependence on imports (80 per cent of laptops are imported), especially from China which include laptops, tablets and servers.
The new notebook 'XPS M1530' has a starting weight just under six pounds and features a one-inch profile, a senior company officials told reporters. The latest notebook has other features such as webcam and fingerprint reader and design accents like touch-sensitive multi-media buttons, the company said.
In a bid to focus on testing, software and documentation, Dell India is integrating its hardware research and development (R&D) activities with its R&D units in Austin and Taiwan.
Dell on Friday said that it will begin manufacturing all of its products including desktops, laptops and computer peripherals in India by the second half of 2007.
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Entities may be given about a year to tune their systems to comply with norms of Digital Personal Data Protection Act, 2023, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday. Speaking to reporters on the sidelines of consultation with the industry, Chandrasekhar said the Data Protection Board and guidelines for the eight rules, including consent management, will be put in place within a month. "Industry wants some more time for age-gating, different timelines for transition for different data fiduciaries.
An exclusive extract from Richard Zimler's compelling look at the Inquisition in Goa.
The India personal computer (PC) market shipment, inclusive of desktops, notebooks, and workstations, dropped by an overall 30.1 per cent in the first quarter of CY2023 over the previous year, to only 2.99 million units, according to the latest data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker released on Tuesday. In Q1CY23, while the demand for desktops was positive, the notebook category witnessed another weak quarter as it declined by 40.8 per cent year-on-year (y-o-y). The consumer segment declined by 36.1 per cent y-o-y primarily due to slowing demand and weak market sentiment.
'I was in the US, where I met top executives of HP and Dell, and they are very keen to come to India.' 'Acer and ASUS have also evinced interest.'
India will be an important country in terms of manufacturing in future, Young Liu, chairman and CEO of Hon Hai Technology Group (Foxconn) has said, his latest comment adding to a growing chorus of global voices acknowledging the country's bold moves to position itself as electronics and hi-tech production powerhouse. In an interaction with reporters in Taipei, the top honcho of the Taiwanese electronics manufacturing giant said the development of the entire ecosystem and industrial chain, and opportunities for development in India are "very, very huge opportunities". "If there is no big change, India will be a very important country in terms of manufacturing in the future," Liu said.
The government on Thursday imposed import restrictions on laptops, tablets, all-in-one personal computers, ultra small form factor computers, and servers with immediate effect. The Directorate General of Foreign Trade (DGFT) in a notification said exemption from import licensing is provided up to 20 items per consignment for R&D, testing, benchmarking and evaluation, repair and return and product development purposes.
'Customers will end up pre-buying laptops, even at inflated rates. The same is true for second-hand and refurbished pieces that a company's authorised stores sell.'
Billionaire Mukesh Ambani's Reliance Jio is India's strongest telecom brand in India, ahead of Bharti Airtel and Vodafone Idea Ltd, according to brand intelligence and data insights company TRA. TRA, formerly Trust Research Advisory, in its 'India's Most Desired Brands 2022' ranked companies according to their brand strength. Reliance Jio topped the telecom category, followed by Bharti Airtel, Vodafone Idea Ltd and BSNL.
The government on Thursday tweaked curbs on imports of laptops and computers as it allowed importers to bring in shipments of IT hardware from overseas on a mere 'authorisation' upon detailing quantity and value. The new 'import management system' is aimed at monitoring shipments of laptops, tablets and computers into the country without hurting market supply or creating a cumbersome licensing regime. The announcement is likely to provide relief to companies in the IT hardware segment in India as they had flagged concerns over the imposition of a strict licensing regime for importers.
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