Headquarters in Round Rock, Texas
|Traded as||NYSE: DELL|
Russell 1000 Index Component
|Founded||September 7, 2016EMC Corporation and Dell Inc.as a merger of|
|Headquarters||One Dell Way, Round Rock, Texas, United States|
(Chairman & CEO)
|Revenue||US$90.62 billion (2019)|
|–US$191 million (2019)|
|–US$2.31 billion (2019)|
|Total assets||US$111.8 billion (2019)|
|Total equity||–US$5.76 billion (2019)|
Number of employees
|Divisions||Dell Client Solutions Group|
Dell EMC Infrastructure Solutions Group
Pivotal Software (70%)
|Footnotes / references|
Dell Technologies Inc. is an American multinational technology company headquartered in Round Rock, Texas. It was formed as a result of the September 2016 merger of Dell and EMC Corporation (which later became Dell EMC).
Dell's products include personal computers, servers, smartphones, televisions, computer software, computer security and network security, as well as information security services. Dell ranked 35th on the 2018 Fortune 500 rankings of the largest United States corporations by total revenue.
Approximately 50% of the company's revenue is derived in the United States.
Dell operates under 3 divisions as follows:
- Dell Client Solutions Group (48% of fiscal 2019 revenues) – produces desktop PCs, notebooks, tablets, and peripherals, such as monitors, printers, and projectors under the Dell brand name
- Dell EMC Infrastructure Solutions Group (41% of fiscal 2019 revenues) – storage solutions
- VMware (10% of fiscal 2019 revenues) – a publicly traded company focused on virtualization and cloud infrastructure
On October 12, 2015, Dell announced its intent to acquire EMC Corporation, an enterprise software and storage company, in a $67 billion transaction. It was labeled the "highest-valued tech acquisition in history". In addition to Michael Dell, Singapore's Temasek Holdings and Silver Lake Partners were major Dell shareholders that supported the transaction.
The Dell Services, Dell Software Group, and the Dell EMC Enterprise Content Divisions were sold shortly thereafter for proceeds of $7.0 billion, which was used to repay debt. In October 2017, It was reported that Dell would invest $1 billion in IoT research and development.
Dell Inc. had returned to private ownership in 2013, claiming that it faced bleak prospects and would need several years out of the public eye to rebuild its business.
EMC was being pressured by Elliott Management Corporation, a hedge fund holding 2.2% of EMC's stock, to reorganize the unusual "Federation" structure, in which EMC's divisions were effectively being run as independent companies. Elliott argued this structure deeply undervalued EMC's core "EMC II" data storage business, and that increasing competition between EMC II and VMware products was confusing the market and hindering both companies.
The Wall Street Journal estimated that in 2014 Dell had revenue of $27.3 billion from personal computers and $8.9 billion from servers, while EMC had $16.5 billion from EMC II, $1bn from RSA Security, $6bn from VMware, and $230 million from Pivotal Software.
The acquisition required Dell to publish quarterly financial results, having ceased these on going private in 2013.
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