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.
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%.