Gainers No. 9: Dell Technologies
CEO: Michael Dell
Dec. 31, 2020 Close: $73.29
June 30, 2021 Close: $99.67
Dell Technologies continues to work toward a planned spin-off of its 81 percent stake in virtualization tech giant VMware, currently slated for the fourth quarter of 2021.
In May Dell announced that its Apex portfolio of as-a-service offerings was generally available, including the Apex Data Storage Services.
For its fiscal 2022 first quarter (ended April 30, 2021), Dell reported revenue of $24.49 billion, up 12 percent from $21.90 billion in the first quarter of fiscal 2021. Net income for the quarter was $938 million, up 415 percent from $182 million one year earlier.
Based on the June 30 stock closing price, Dell’s market cap stood at $76.12 billion, up 39 percent from its $54.95 billion market cap at the close of 2020.