Dell Technologies has recognized that in fourth quarter of your fiscal year 2022 has had a slight loss of 27 million dollars, despite which, it has made profits in its annual results: 4,940 million dollars (31% more than in its fiscal year 2021), with earnings of 6.26 dollars per action. The losses recorded this past quarter are due, according to the company, to the increase in interest expenses and other operating costs, which shot up to 1,650 million dollars after accounting for only 475 million dollars in the previous quarter.
Despite this, Dell’s revenue for the quarter was 27.9 billion dollars, a figure that represents a year-on-year increase of 16%. As for the full year income reached the 101.2 billion dollars, 17% more and a new record for the company, which it has achieved thanks to the growth of all its business areas and a record in its PC sales during the pandemic.
With these results on the table, Dell’s Board of Directors has decided to implement a new dividend policy, with Dell intending to pay quarterly dividends on its shares, with an initial dividend rate of $1.32 per year. for fiscal year 2023, or approximately $1 billion in aggregate. The first of these payments will be made on April 29 to shareholders holding titles on April 20.
The company’s Client Solutions Division delivered record results, with revenue of $17.3 billion in the fourth quarter of the company’s fiscal year 2022. This figure is 26% higher than that achieved in the same period of the previous year. Throughout the year, the group entered 61,500 million dollars, 27% more. As for the Infrastructure Solutions division, in the fourth quarter it entered 9,200 million dollars, 3% more, and in the whole year 34,400 million dollars.
Jeff Clarke, Vice President and Co-COO of Dellhas pointed out that «Fiscal year 2022 was the best in Dell Technologies history. We achieved over $100 billion in revenue and grew 17%, a huge achievement ahead of our long-term growth goals. For our customers, the biggest opportunity is to turn data into information, action and progress, and they are prioritizing investments in technology«.
Chuck Whitten, the other COO of Dellhas also highlighted that «In fiscal 2022, a major digital transformation followed to accelerate growth in technology investment, and we are encouraged by growing demand across our portfolio. We have also made strategic progress in multicloud, edge, as a service and telecommunications. We have launched solutions in these spaces, engaged with customers and made investments to prepare Dell for future growth.«.
