The disheartening results announced Thursday could help Dell Inc.'s board persuade more of the company's stockholders that they're better off accepting a buyout offer from a group led by CEO Michael Dell rather than risk further financial deterioration in the months ahead.
Shareholders are scheduled to vote on Michael Dell's $24.8 billion bid on Sept. 12. The proposal faces fierce resistance from two major Dell stockholders, billionaire Carl Icahn and investment fund Southeastern Asset Management.
Dell earned $204 million, or 12 cents per share, in the quarter, down from $732 million, or 42 cents per share, last year.
Revenue remained level at $14.5 billion.
Copyright 2013 The Associated Press.