Dell Technologies Revenue Rises On EMC Deal

Dell Technologies said revenue rose in its latest quarter though its loss deepened, months after the megamerger of Dell and EMC was completed.

Dell said the results include the impact of the merger as well as 52 days of financial results from EMC and VMware, a virtualization company in which EMC held a majority stake.

Dell said revenue from its legacy businesses remained relatively unchanged and that the EMC deal increased revenue by 28% to $16.25 billion. The company posted a net loss of $2.06 billion for the quarter, compared with a loss of $180 million in the same period last year.

This year, Dell has sold off a number of assets as it works to move forward with EMC. In March it entered into a deal to sell its Dell Services unit for about $3.1 billion. In June it reached a deal to sell its Dell Software Group for about $2.4 billion. In September, EMC entered into a deal to sell the Dell EMC Enterprise Content Division for about $1.6 billion.

Write to Austen Hufford at austen.hufford@wsj.com

(END) Dow Jones Newswires

December 08, 2016 08:15 ET (13:15 GMT)

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