Dell Technologies Inc. (DELL) declined in the current market after announcing its fourth quarter and fiscal 2021 results. DELL values at $51, losing more than 8% compared to yesterday’s closing price. The stock closed at $55.84 at the end of the last trading session. The stock volume traded in the last trading session was around 3.63 million shares. The current market cap of the company is around $43.37 billion.
DELL: Q4 and Fiscal 2022 Key Financials
- Dell Technologies Inc.’s revenue in Q4 2022 was $27.9 billion. It is a gain of more than 16% compared to the revenue of $24.2 billion in Q4 2021.
- Fiscal year 2022 revenue was $101.19 billion, and it is an increase of more than 17% compared to the revenue of $86.6 billion in fiscal 2021.
- The company’s net loss in Q4 2022 was around $29 million. The change is -(104%) compared to the net income of $695 million in Q4 2021.
- DELL’s net income in fiscal 2022 was around $4.9 billion, more than 120%, compared to the net income of $2.245 billion in fiscal 2021.
- The Q4 2022 diluted loss per share was $0.04, less than $0.90 of Q4 2021.
- For fiscal 2022, earnings per share were $6.26, more than 114%, compared to the EPS of $2.93 in fiscal 2021.
DELL Dividend Update
The board of directors has authorized the implementation of a dividend policy. According to the company’s projections, it will pay quarterly cash dividends on its common stock at an initial dividend rate of $1.32 per share each year for fiscal 2023. The amount is around $1 billion. The board of directors has declared its first quarterly dividend of $0.33 per share, which will be paid on April 29 to shareholders who had their accounts with records as of April 20.
Conclusion
The company’s net income declined in the fourth quarter of 2022, but its income gained by more than 120%. The supply chain disruption caused by Omicron has effect the business in the fourth quarter.
