It has since evolved, diversifying its product portfolio to software, data storage service and servers.Īs of 11 March 2022, Dell stock last closed at $51.97, accounting for an 8.79% drop in value year-to-date – it closed at $56.98 on 3 January 2022. In 2018, through a reverse merger with VMware, a publicly-traded cloud computing company that Dell had acquired with its acquisition of EMC, Dell returned to the public markets.Ī pioneer in customised personal computers (PCs), Dell initially concentrated on manufacturing computer hardware. As the markets were leaning toward smartphones and tablets, Dell felt it would serve the company best to concentrate on long-term strategies and avoid stock market volatility. Tagged as the largest corporate privatisation in history at the time, the company cited its reasons for going private in a 2013 Securities and Exchange Commission (SEC) filing. While Dell had its initial public offering (IPO) in 1988, it returned to private markets in 2013. By 1992, Dell was the youngest CEO to have his company listed on the Fortune 500. ![]() In 1987, he ventured into the business of building IBM-compatible computers through the Dell Computer Corporation. In 1984, university student Michael Dell had a vision for how technology could shape the future. It’s roots can be traced to the early 1980s. We believe EMC is well positioned to expand our leadership in the market segments we serve, and here in Cork our talented and highly skilled workforce is exporting to more than 140 countries,” said Savage.Dell stock forecast (2022-2025): computing a strong growth? – Photo: Shutterstockĭell Technologies (DELL) was created in September 2016. “EMC’s broad portfolio of products and services, offering customers greater efficiency, control and choice as they transform their IT and businesses, is a key differentiating element of our continued financial success. In Ireland, EMC is partnering with customers across the private and public sectors on their innovation journey, particularly with our hybrid cloud, big data and IT security solutions,” said Ward.Īmong EMC’s newest customers in Ireland are Icon, Telecity, Celestia and Friends First.īob Savage, vice-president and managing director of EMC’s Centre of Excellence in Cork, said EMC is taking market share, reinvesting for growth and delivering improved earnings. “EMC remains the vanguard of IT innovation in Ireland, and we are at the crossroads of the most disruptive shift in IT history where cloud, big data and trusted IT are transforming the enterprise environment. Jason Ward, country manager for EMC Ireland, said the company continues to perform strongly in the Irish market. The company’s operating cash flow for 2012 totalled US$6.3bn, and free cash flow amounted to US$5.0bn, reflecting increases of 10pc and 14pc year-over-year respectively.ĮMC ended the year with US$11.4bn in cash and investments. “Driving our strong results is the strength of our leading-edge products and services, our solid operational and financial model, and consistent execution against our strategy.”ĮMC’s net income for Q4 rose 5pc year-over-year to US$870m, and earnings per weighted average diluted share for the quarter increased 3pc year-over-year to US$0.39.įor the full year, net income also increased, by 11pc year-over-year, to US$2.7bn, and earnings per weighted average diluted share amounted to US$1.23, up 12pc year-over-year. “EMC achieved its first US$6bn quarter for revenue, capping off a record-breaking 2012,” said Joe Tucci, EMC chairman and CEO. ![]() ![]() ![]() US data storage firm EMC saw revenues rise for both its fourth quarter and full-year 2012, with increases of 8pc and 9pc, respectively.įourth-quarter revenue amounted to US$6.0m, compared with the year-ago period, and full-year 2012 revenue totalled US$21.7bn.
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