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Dell Technologies’ annual revenue hits record high

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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