Dell's revenue has declined sequentially for each of the last three quarters amid the worldwide recession.

Its revenue in the first quarter fell to US$12.3 billion, a 23 percent drop from the same period a year earlier. Net income fell to $290 million from $784 million on lower PC sales and restructuring charges.

Dell remains focused on cutting costs in a "still-challenging operating environment," Gladden said on Monday. Dell has said it wants to reduce its annual costs by around $4 billion by the end of fiscal 2011.