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Why Dell Could Convince Wall Street to Go Public Again

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Dell could soon go public

Dell Technologies (DVMT), the world’s largest private tech company, will be hosting an analyst meeting on September 18 as part of its efforts to become a public company again. The company went private five years ago and later merged with EMC, which proved to be a good move.

In the fiscal 2019 second quarter, which ended on August 3, 2018, Dell’s revenue rose 18% YoY (year-over-year) to $22.9 billion.

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Dell has had a decent few years

Dell has reached an annual run rate of over $90 billion. Dell expects to see adjusted revenue of $92 billion in fiscal 2019. The company expects adjusted net income of $5.3 billion in the full fiscal year.

The company’s server and storage hardware division saw its revenue surge 24% to reach $9.2 billion in the fiscal second quarter. Dell also owns software assets in the form of a controlling stake in VMware, which has seen double-digit growth over the last few quarters.

In a sluggish global PC market, Dell is doing relatively well. According to IDC, Dell’s PC shipments rose 9% YoY in the second quarter. This rise led to an increase in Dell’s market share, which is now up to 18.1%.

HP (HPQ) remains the market leader with a share of 23.9%. Meanwhile, Apple (AAPL) lost market share YoY in the second quarter. Mac computers now have a market share of 6.9% in the PC market.

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