Dell Claims To Increase Its Profits By Two-Thirds By Going Public | CashKaro News Network

0
489

With the eponymous tech group Dell planning to go public again, the company has also been trying to woo investors by claiming that this move will increase its profits by nearly two thirds. Going by its latest S-4 filing with the American Securities and Exchange Commission, Dell estimates to generate revenues ranging between $91bn and $95bn and reckons the operating income (EBITDA) to raise to $9.1bn as opposed to the $5.9bn for the fiscal year of 2019. Targeting to achieve a share swap with VMWare’s investors to acquire holdings in Dell, the company is trying to tempt them by offering one share for $109.

Source: The Register

LEAVE A REPLY

Please enter your comment!
Please enter your name here

four × four =