Dell Technologies Inc.Headquarters in Round Rock, TexasCompany typePublicTraded asNYSE: DELL (Class C)S&P 500 componentIndustryInformation technologyPredecessorsDellEMC CorporationFoundedSeptember 7, 2016; 8 years ago (2016-09-07) as a merger of EMC Corporation and Dell Inc.FounderMichael DellHeadquartersRound Rock, Texas, U.S.Area servedWorldwideKey peopleMichael Dell(chairman and CEO)Jeff Clarke(vice chairman and COO)Revenue US$95.6 billion (2025)Operating income US$6.24 billion (2025)Net income US$4.59 billion (2025)Total assets US$79.7 billion (2025)Total equity US$–1.5 billion (2025)OwnerMichael Dell (58.9%)[1]Number of employeesc. 108,000 (2025)Divisions Client Solutions Group Infrastructure Solutions Group Subsidiaries Alienware Virtustream Websitedell.comFootnotes / referencesFinancials as of January 31, 2025[update].[2]
Dell Technologies Inc. is an American multinational technology company that has been headquartered in Round Rock, Texas since 1994.[3] It was formed as a result of the September 2016 merger of Dell and EMC Corporation.[4] Dell Technologies ranked 48th on the 2024 Fortune 500 rankings of the largest United States corporations based on its 2023 revenue;[5] its products include personal computers, servers, monitors, computer software, computer security and network security, as well as information security services.[4]
History[edit] Dell–EMC merger wordmark introduced in 2016Dell Technologies' predecessor 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.[6]
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[7] 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.[8] On October 12, 2015, Dell announced its intent to acquire EMC Corporation, an enterprise software and storage company, in a $67 billion transaction.[9] It was then the largest acquisition in technology sector history.[10] In addition to Michael Dell, Singapore's Temasek Holdings and Silver Lake Partners were major Dell shareholders that supported the transaction.[11] The deal to buy EMC was closed on September 7, 2016. It reportedly generated about $40 billion in debt for Dell.[12]
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.[2] In October 2017, It was reported that Dell would invest $1 billion in IoT research and development.[13][14][15]
EMC owned around 80% of the stock of VMware.[16] The acquisition maintained VMware as a separate company, held via a new tracking stock, while the rest of EMC were rolled into Dell.[17]
The acquisition required Dell to publish quarterly financial results, hing ceased these on going private in 2013.[18]
In 2018, Dell had a racing partnership with British racing team McLaren, providing processing power to support the large amounts of racing data generated by McLaren's Formula 1 program.[19]
On April 15, 2021, it was reported that Dell Technologies would spin out the remainder of its VMware shares to shareholders. The two companies would continue to operate without major changes for at least five years.[20]
As of FY 2024, approximately 50% of the company's revenue is derived in the United States.[21]
In February 2025, Dell sold Secureworks to British cybersecurity vendor Sophos.[22]
IPO[edit]On January 29, 2018, it was reported that Dell Technologies was considering a reverse merger with its VMware subsidiary to take the company public.[23]
On December 28, 2018, Dell Technologies became a public company, bypassing the traditional IPO process by buying back shares that tracked the financial performance of VMware.[24][25]
Business[edit]Dell Technologies has products and services in the field of scale-out architecture, converged infrastructure and private cloud computing.[8][26]
Dell operates under two divisions:[27][21][28]
Client Solutions Group (55.3% of fiscal 2024 revenues) – produces desktop PCs, notebooks, tablets, and peripherals, such as monitors, printers, and projectors under the Dell brand name Infrastructure Solutions Group (38.3% of fiscal 2024 revenues) – servers, storage, and networking References[edit] ^ "DELL MICHAEL S - DELL / Dell Technologies Inc. / DELL MICHAEL S Passive Investment - SC 13G/A - February 13, 2024". ^ a b "Dell Technologies Inc. FY 2025 Form 10-K Annual Report". U.S. Securities and Exchange Commission. March 25, 2025. ^ rock-user (February 21, 2020). "An Economic Powerhouse: How Dell Technologies helped change the direction of Round Rock's future". Round Rock. Retrieved June 24, 2025. {{cite web}}: |last= has generic name (help) ^ a b Shah, Agam (September 7, 2016). "The new Dell Technologies: 6 things you need to know". PC World. ^ "Fortune 500: Dell Technologies". Fortune. Retrieved September 6, 2024. ^ "Dell Makes Case to Go Private in Grim Filing". The Wall Street Journal. March 29, 2013. ^ "Elliott Management Sends Letter to Board of Directors of EMC Corporation" (Press release). Business Wire. October 8, 2014. ^ a b "EMC Takeover Marks Return of Michael Dell". The Wall Street Journal. October 13, 2015. ^ Sawers, Paul (October 12, 2015). "Dell just bought data storage company EMC for $67B". VentureBeat. Retrieved November 11, 2024. ^ "Dell agrees $67bn EMC takeover". BBC News. October 12, 2015. ^ Roumeliotis, Greg; Finkle, Jim (October 12, 2015). "Dell to buy EMC in $67 billion record tech deal, aims for cloud market". Reuters. Retrieved November 11, 2024. ^ Miller, Ron (September 7, 2016). "$67 billion Dell-EMC deal closes today". TechCrunch. Retrieved November 11, 2024. ^ "Dell Technologies creates new IoT division as part of three-year, $1bn investment". businessreviewusa.com. Archived from the original on November 20, 2017. Retrieved October 19, 2017. ^ "Michael Dell Vows to Invest $1 Billion over Three Years to Fund Internet of Things Business". Fortune. Retrieved October 19, 2017. ^ Moorhead, Patrick. "Dell Technologies IQT: Doubling Down On The Internet Of Things". Forbes. Retrieved October 19, 2017. ^ "Dell-EMC: The empty shop". Financial Times. October 12, 2015. ^ "Dell agrees $63bn acquisition of EMC". Financial Times. October 12, 2015. ^ Womack, Brian (October 21, 2015). "Dell CFO Reluctantly Accepts Public Disclosures With EMC Deal". Bloomberg L.P. ^ "How Dell Technologies helps McLaren stay one step ahead of the game in the world's fastest sport". July 7, 2018. ^ Sharwood, Simon. "Dell to spin out remaining VMware stake, cements Friends With Benefits status for at least five years". The Register. Retrieved April 15, 2021. ^ a b "Dell Technologies Inc. FY 2024 Form 10-K Annual Report". U.S. Securities and Exchange Commission. March 25, 2024. ^ "Sophos Closes $859M Acquisition of XDR Specialist Secureworks". ^ "VMware Plunges on Report It May Acquire Dell in Reverse Merger". Bloomberg L.P. January 29, 2018. Retrieved January 29, 2018. ^ "Dell returns to public markets after 6 years". Reuters. Retrieved December 28, 2018. ^ "Bread Financial's credit sales fall 13% in cooling economy". American Banker. July 27, 2023. Retrieved November 4, 2024. ^ "The merger of Dell and EMC stems from the rise of cloud computing". The Economist. October 12, 2015. ^ "Document". ^ Hughes, Luke (May 31, 2024). "Dell plans to raise SSD and DRAM prices by up to 20%". Tech Radar. Retrieved October 9, 2024. External links[edit] Official website Business data for Dell Technologies Inc.: GoogleReutersSEC filingsYahoo! vteDell Technologies Dell Inc. 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