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Dell Technologies sees boost in PC sales in otherwise mixed Q4

(Image credit: Shutterstock / N.Z.Photography)

Dell has released its earnings report for the fourth quarter of the fiscal year. While business segments such as business PCs performed well, others fell short of expectations.

The technology giant said its quarterly revenue hit $24 billion, representing a one percent increase over the same period last year, in line with Wall Street expectations. Earnings came in at 54 cents per share, totalling $416 million, and Non-GAAP earnings hit $2 a share.

For the fiscal year, the company reported $92.2 billion in revenue, representing a two percent increase year-on-year. Net income was $5.5 billion, or $6.03 per share.

According to COO Jeff Clarke, the figures reflect the ongoing simplification of the business, an initiative designed to capitalise on “the next digital decade (opens in new tab).”

The company closed the quarter with $10.2 billion in cash and investments, and paid $5 billion in gross debt over the fiscal year. It ended Q4 with $44.3 billion in long-term debt.

Dell's (opens in new tab)PC unit performed strongly, growing eight percent and delivering $11.8 billion in revenue. This growth can be attributed to Windows 7 end-of-life, which pushed many enterprises to upgrade PC fleets.

Speaking to analysts, CFO Thomas Sweet discussed the outlook for fiscal year 2021. If the company manages to close the deal to sell RSA in the third quarter, Sweet expects next year's annual revenue to fall between $91.8 billion and $94.8 billion, with non-GAAP earnings between $5.90 a share and $6.60 a share.

Sead Fadilpašić is a freelance tech writer and journalist with more than 17 years experience writing technology-focussed news, blogs, whitepapers, reviews, and ebooks. And his work has featured in online media outlets from all over the world, including Al Jazeera Balkans (where he was a Multimedia Journalist), Crypto News, TechRadar Pro, and IT Pro Portal, where he has written news and features for over five years. Sead's experience also includes writing for inbound marketing, where he creates technology-based content for clients from London to Singapore. Sead is a HubSpot-certified content creator.