Dell sales fall ahead of buyout, but beat analysts' expectations

London, Feb 20 (ANI): Dell has reported quarterly profits and revenues ahead of expectations, which could be the computer maker's last set of results as a public company.

The firm said net profit in the fourth quarter fell 31 percent to 530 million dollars compared with the same period a year ago.

According to the BBC, revenue fell 11 percent to 14.3 billion dollars, hurt by a shrinking consumer business, but still beat analysts' forecasts.

Founder Michael Dell has offered to buy the business for 24.4 billion dollars, the report said.

But his attempt to turn it back into a private firm has faced opposition, the report added.

Dell's largest independent shareholder, Southeastern Asset Management, said the offer "grossly undervalues the company", while reports suggest other large investors also oppose the deal. (ANI)


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