Dell sees profit plunge 47pc

■ Dell yesterday posted a 47 per cent profit fall, hurt by lower PC sales and weaker demand from large corporations. However, it said it expects revenue to grow as much as five per cent in the current quarter. Dell said revenue in its fiscal third quarter fell 11 per cent to $13.7bn, slightly lower than the average analyst estimate of $13.9bn. The company said the fourth quarter would remain “challenging".