Dell reported lower earnings per share for the first quarter of fiscal 2013 than it did one year ago. The company’s EPS for the quarter was US$0.36, down 27% year over year.

The company is going through a transition, increasing the proportion of its revenue delivered by its IT solutions for businesses in relation to its consumer business. Dell chairman and CEO Michael Dell said the company was sticking by its strategy to reshape itself as an end-to-end IT provider.

“We saw continued progress in our first quarter with the innovative IT solutions we’re providing – notably our latest Dell servers, storage, networking and services that deliver customers enhanced productivity,” the CEO said.

The company’s CFO Brian Gladden said its enterprise solutions and services now accounted for 50% of its gross margin, “and we’ll continue to make the necessary investments to maintain our progress.”

Dell’s revenue for the quarter was $14.4bn, down 4% year over year. Net income was $635m, down 33% from one year ago.

While overall results were substantially down from fiscal 2012, its units selling into the non-consumer space showed year-over-year improvements. Dell-owned storage business grew the most: 24% up, reaching $423m in revenue for the quarter.

Services revenue was $2.1bn, up 4% year over year. Server and networking revenue grew 2%, the company said.