Dell waives financial forecast due to coronavirus outbreak

Dell Technologies withdrew its fiscal forecast for 2021 due to an inability to assess the effects of the coronavirus outbreak. This is reported by ZDNet. On February 27, 2020, the American computer manufacturer Dell Technologies published the financial results of the last quarter of fiscal year 2020 and the forecast for fiscal year 2021. During this period, the company planned to earn income from $91.8 to $94.8 billion. However, at the end of March Dell Technologies revised this forecast and abandoned it due to the spread of coronavirus infection. The company cannot predict the extent to which the global pandemic COVID-19 not adversely affect its business operations and financial results As a result of the growing level of uncertainty caused by the pandemic, the company decided to withdraw its previously released financial guidance for fiscal year 2021, Dell Technologies said. As previously reported by the news agency, on February 27, the research company International Data Corporation presented a forecast that the supply of computers will fall by 8.2% in the first quarter and by 12.7% in the second quarter of 2020.