Dell reports Q3 earnings as it transitions away from PCs

11/16/2011 | Bloomberg Businessweek

Dell reported higher profits on lower revenues in the third quarter after shifting away from PCs to focus on more lucrative servers, networking equipment and services. The change reflects what founder and CEO Michael Dell says is the company's gradual transition away from consumer PCs to target small and midsized enterprises. Dell said the company has significantly increased research-and-development spending this year.

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