Dell, Inc.'s (NASDAQ: DELL) latest latest quarterly results released after the bell Thursday pretty much sucked. The second-largest computer manufacturer in the world saw net income drop by almost 50% as shipments dropped globally and Dell continued to see huge challenges in the IT spending market. Dell did not even match its already-lowered expectations. It reported an EPS figure of 18 cents, quite below the expected 26 cents a share.Net income also fell to $351 million from the year-ago quarterly figure of $679 million. Dell's CFO Brian Gladden indicated in the conference call to investors that a dramatic slowdown was seen in India and China, further exacerbating consumer and business spending reductions on its products in the U.S. Although the news was worse than expected for Dell's latest quarter, Gladden kept the call upbeat by constantly mentioning Dell's in-progress cost cuts, with even more to come.
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