Dell net income 1996-2024
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In Dell's 2024 financial year, the company's net income reached about 3.2 billion U.S. dollars. Dell withstood a consistent net loss for financial years 2014 to 2020 during a developmental period of adapting its business model to market trends of digitalization and software as a service (SaaS).
A company in transition
During a period of transition from 2014 until 2019, the company was reorganized when company founder and CEO Michael Dell bought out and privatized Dell, which allowed him to invest more ardently in research and development without having to cater to outside investors’ interests. During this time, Dell bought software virtualization company VMware in order to position itself as a company offering robust cloud computing solutions. After buying out EMC Corp. for 67 billion U.S. dollars, Dell Technologies went public again.
Debt and corporate organization
At the end of 2022, Dell had debt worth 26.95 billion U.S. dollars. It had borrowed around 70 billion U.S. dollars to acquire EMC, and it pared off a large amount after spinning off VMware into an independent company in financial year 2022.
