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For Dell Technologies Inc., 2020 set the table for what promises to be a very active 2021.
The company achieved a record fiscal year, generating $94.2 billion in total sales, which included a high of $48.4 billion in sales for its Client Solutions Group. More recently, Dell announced plans to spin off its 81% equity ownership in VMware Inc., a move expected to provide close to $10 billion in cash, reducing debt incurred from the acquisition in 2016 of EMC.
With this kind of momentum, Dell will likely focus on the core technologies outlined by Chairman and Chief Executive Officer Michael Dell last year, which were 5G, artificial intelligence, hybrid cloud, security, data management and the edge. To date in 2021, the company has already made several key moves in the 5G, edge and hybrid arenas. This includes unleashing Project APEX, Dell’s as-a-service offering in the enterprise.