Dell Technologies Inc.
Company typePublic
IndustryComputer hardware
Cloud computing
Data storage
Information security
EMC Corporation
FoundedSeptember 7, 2016; 7 years ago (2016-09-07) as a merger of EMC Corporation and Dell Inc.
FounderMichael Dell
HeadquartersRound Rock, Texas, U.S.
Area served
Key people
Michael Dell (chairman and CEO)
RevenueDecrease US$88.4 billion (2024)
Decrease US$5.21 billion (2024)
Increase US$3.21 billion (2024)
Total assetsDecrease US$82.1 billion (2024)
Total equityNegative increase −US$2.3 billion (2024)
Number of employees
c. 120,000 (2024)
Footnotes / references
Financials as of February 2, 2024.[1]

Dell Technologies Inc. is an American multinational technology company headquartered in Round Rock, Texas. It was formed as a result of the September 2016 merger of Dell and EMC Corporation (which later became Dell EMC).[2]

Dell's products include personal computers, servers, monitors, computer software, computer security and network security, as well as information security services.[2] Dell ranked 35th on the 2018 Fortune 500 rankings of the largest United States corporations by total revenue.[3]

Current operations

Approximately 50% of the company's revenue is derived in the United States.[1]

Dell operates under two divisions:[1][4]

Dell divested its ownership in Boomi, VMware (80%)[5] and Pivotal Software,[6] but owns other businesses such as Secureworks, Virtustream.[1]


Dell–EMC merger wordmark introduced in 2016

On October 12, 2015, Dell announced its intent to acquire EMC Corporation, an enterprise software and storage company, in a $67 billion transaction.[7] It was labeled the "highest-valued tech acquisition in history".[8] In addition to Michael Dell, Singapore's Temasek Holdings and Silver Lake Partners were major Dell shareholders that supported the transaction.[9]

On September 7, 2016, Dell Inc. completed the merger with EMC Corp., which involved the issuance of $45.9 billion in debt and $4.4 billion common stock.[1][10]

The Dell Services, Dell Software Group, and the Dell EMC Enterprise Content Divisions were sold shortly thereafter for proceeds of $7.0 billion, which was used to repay debt.[1] In October 2017, It was reported that Dell would invest $1 billion in IoT research and development.[11][12][13]

Dell Inc. had returned to private ownership in 2013, claiming that it faced bleak prospects and would need several years out of the public eye to rebuild its business.[14]

EMC was being pressured by Elliott Management Corporation, a hedge fund holding 2.2% of EMC's stock, to reorganize the unusual "Federation" structure, in which EMC's divisions were effectively being run as independent companies. Elliott argued[15] this structure deeply undervalued EMC's core "EMC II" data storage business, and that increasing competition between EMC II and VMware products was confusing the market and hindering both companies.

The Wall Street Journal estimated that in 2014 Dell had revenue of $27.3 billion from personal computers and $8.9 billion from servers, while EMC had $16.5 billion from EMC II, $1bn from RSA Security, $6bn from VMware, and $230 million from Pivotal Software.[16]

EMC owned around 80% of the stock of VMware.[17] The acquisition maintained VMware as a separate company, held via a new tracking stock, while the rest of EMC were rolled into Dell.[18]

The acquisition required Dell to publish quarterly financial results, having ceased these on going private in 2013.[19]

Dell Technologies has products and services in the field of scale-out architecture, converged infrastructure and private cloud computing.[16][20]

In February 2018, McLaren announced a multi-year partnership deal with Dell Technologies.[21] The partnership deal was extended in October 2021.[22]

On April 15, 2021, it was reported that Dell Technologies will spin out the remainder of its VMware shares to shareholders. The two companies will continue to operate without major changes for at least five years.[23]


On January 29, 2018, it was reported that Dell Technologies was considering a reverse merger with its VMware subsidiary to take the company public.[24]

On December 28, 2018, Dell Technologies became a public company, bypassing the traditional IPO process by buying back shares that tracked the financial performance of VMware.[25]

Carbon footprint

Dell Technologies reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 December 2020 at 406 Kt (-64 /-13.6% y-o-y).[26] Reported emissions have been declining steadily since 2016.

Dell Technologies's annual total CO2e emissions (direct + indirect) (in kilotonnes)
Dec. 2015 Dec. 2016 Dec. 2017 Dec. 2018 Dec. 2019 Dec. 2020
624[27] 626[28] 533[29] 490[30] 469[31] 406[26]


  1. ^ a b c d e f "Dell Technologies Inc. FY 2024 Form 10-K Annual Report". U.S. Securities and Exchange Commission. March 25, 2024.
  2. ^ a b Shah, Agam (September 7, 2016). "The new Dell Technologies: 6 things you need to know". PC World.
  3. ^ "Fortune 500: Dell Technologies". Fortune. Archived from the original on August 1, 2019. Retrieved December 4, 2018.
  4. ^ "Dell Technologies Inc". CNN Business. Retrieved March 8, 2021.
  5. ^ Haranas, Mark (January 14, 2021). "Michael Dell On VMware Spin-Off: 'Nothing Changes' With Gelsinger Leaving". CRN. Retrieved April 4, 2021.
  6. ^ "VMware and Pivotal". VMware. Retrieved April 4, 2021.
  7. ^ "Michael S. Dell, MSD Partners and Silver Lake Lead Transaction to Combine Dell and EMC, Creating Premier End-to-End Technology Company" (Press release). Business Wire. October 12, 2015.
  8. ^ "Dell agrees $67bn EMC takeover". BBC News. October 12, 2015.
  9. ^ "BOOM: Dell to Acquire EMC for $67 Billion". Sovereign Wealth Fund Institute. October 12, 2015.
  10. ^ "Historic Dell and EMC Merger Complete; Forms World's Largest Privately-Controlled Tech Company" (Press release). Business Wire. September 7, 2016.
  11. ^ "Dell Technologies creates new IoT division as part of three-year, $1bn investment". Archived from the original on November 20, 2017. Retrieved October 19, 2017.
  12. ^ "Michael Dell Vows to Invest $1 Billion over Three Years to Fund Internet of Things Business". Fortune. Retrieved October 19, 2017.
  13. ^ Moorhead, Patrick. "Dell Technologies IQT: Doubling Down On The Internet Of Things". Forbes. Retrieved October 19, 2017.
  14. ^ "Dell Makes Case to Go Private in Grim Filing". The Wall Street Journal. March 29, 2013.
  15. ^ "Elliott Management Sends Letter to Board of Directors of EMC Corporation" (Press release). Business Wire. October 8, 2014.
  16. ^ a b "EMC Takeover Marks Return of Michael Dell". The Wall Street Journal. October 13, 2015.
  17. ^ "Dell-EMC: The empty shop". Financial Times. October 12, 2015.
  18. ^ "Dell agrees $63bn acquisition of EMC". Financial Times. October 12, 2015.
  19. ^ Womack, Brian (October 21, 2015). "Dell CFO Reluctantly Accepts Public Disclosures With EMC Deal". Bloomberg L.P.
  20. ^ "The merger of Dell and EMC stems from the rise of cloud computing". The Economist. October 12, 2015.
  21. ^ "McLaren Racing - McLaren and Dell Technologies form wide-ranging partnership". Retrieved November 18, 2022.
  22. ^ "McLaren Racing - McLaren Racing and Dell Technologies announce multi-year extension". Retrieved November 18, 2022.
  23. ^ Sharwood, Simon. "Dell to spin out remaining VMware stake, cements Friends With Benefits status for at least five years". The Register. Retrieved April 15, 2021.
  24. ^ "VMware Plunges on Report It May Acquire Dell in Reverse Merger". Bloomberg L.P. January 29, 2018. Retrieved January 29, 2018.
  25. ^ "Dell returns to public markets after 6 years". Reuters. Retrieved December 28, 2018.
  26. ^ a b "Dell Technologies's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on July 2, 2021. Alt URL
  27. ^ "Dell Technologies's Sustainability Report for 2017Q4" (PDF). Alt URL
  28. ^ "Dell Technologies's Sustainability Report for 2018Q4" (PDF). Archived from the original (PDF) on September 20, 2020. Alt URL
  29. ^ "Dell Technologies's Sustainability Report for 2019Q4" (PDF). Archived from the original (PDF) on June 29, 2021. Alt URL
  30. ^ "Dell Technologies's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on July 2, 2021. Alt URL
  31. ^ "Dell Technologies's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on July 2, 2021. Alt URL