Dell Technologies’ annual revenue hits record high

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Dell Technologies, one of the three largest PC manufacturers at the end of 2020, has published another report. Like many other companies, Dell has a different fiscal year. The report in question includes data for the fourth quarter of fiscal year 2021 and for the entire fiscal year 2021.

Revenue for the quarter was $ 26.112 billion, an increase of 9% in annual terms. Operating income for the quarter was $ 2.177 billion. This indicator in annual terms increased by 204%. The quarter ended in net profit of $ 1.343 billion, which is 223% more than a year ago.

On a full-year basis, revenue hit a record $ 94.224 billion. It turned out to be 2% more than in the 2020 financial year. Operating income for the year was $ 5.144 billion, up 96% from FY2020. But net profit decreased by 37% compared to fiscal 2020. It amounted to $ 3.505 billion.

At the end of the reporting period, the company had $ 15.8 billion in cash and cash equivalents at its disposal.

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