Why Dell Could Convince Wall Street to Go Public Again



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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