Business

Thu Aug 28 22:22:56 PDT 2008

SAN FRANCISCO, Aug 28 (Reuters) - Dell Inc <DELL.O> reported a surprise 17 percent decline in quarterly profit on Thursday as the company suffered from tighter corporate spending in United States, sending its shares down 8 percent.

Net income for the fiscal second quarter ended August 1 fell to $616 million, or 31 cents per diluted share, from the restated year-ago net income of $746 million, or 33 cents per diluted share.

Revenue rose 11 percent to $16.43 billion.

Dell shares tumbled to $23.20 in extended trade following the quarterly report, after closing down 42 cents at $25.21 on Nasdaq.

(Reporting by Eric Auchard, editing by Richard Chang)

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