Dell has seen its latest quarterly profits decline by almost two-thirds as the worldwide recession continues to hit sales of computers.

The world’s second-largest maker of personal computers made a net profit of $290m in the three months to 1 May, down 63% from $784m a year ago.

Revenues at the firm fell 23% to $12.3bn. However the results were better than analysts had feared. Dell said the global trading environment remained “challenging”.