Dell Result 2016 05/04/2017

By Yvette Raikes

Dell Technologies Inc. reported Q4 losses of $270 million, up on losses for the same period last year of $155 million, on turnover which rose 58% to $20.1 billion from $12.7 billion. There was an operating loss of $1.7 billion, which was reduced by income tax benefits. For the year there were losses of $1.7 billion, up from $1.1 billion, on revenue of $61.6 billion, up 21% from $50.9 billion. The operating loss was $3.3 billion. The company said that it has invested in its infrastructure and reduced its debts. It claimed to have shipped 11 million PCs in Q4, up 8% YoY, and to hold the top position for unit sales of displays.