Dell repaid a huge debt, ten times more to go

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In the first quarter of its broken fiscal year, computer maker Dell took advantage of the demand for computers for people who work from home. As a result, the company sold more PCs and laptops in the period from February to April. Demand for servers declined now that many companies have postponed investments.

In recent years, Dell has moved part of its supply chain from China to other countries to avoid the import duties imposed by President Donald Trump on China. That now seems to be an advantage as Dell performed better than industry competitor HP in terms of results.

As a result, sales of $ 21.9 billion were very similar to sales in the same period last year. Net profit came in at $ 182 million, which was nearly half that of a year earlier.

To cut costs during the corona crisis, Dell has announced a hiring freeze and will no longer be giving pay increases and promotions. The company, which is burdened by a large debt burden, was able to repay $ 5.4 billion during the lockdown period. Dell still has 48.4 billion outstanding.

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Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to [email protected]

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