Dell (DELL) announced that it earned $732 million in the second fiscal quarter on revenue of $14.5 billion, or 42 cents per share, versus a profit of $890 million on revenue of $15.6 billion in the same period last year. The amounts to an eighteen percent decline in profit, and eight percent revenue decline.
The company emphasized its long term strategy for future growth, which includes making acquisitions. In July, Dell announced it was acquiring Quest Software (QSFT) for $2.4 billion, which would grow the company's revenue by $1.2 billion per year.
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