Holding company reveals Dell made $100m loss

Denali Holding obliged to make certain financials public because of EMC takeover plans

Dell's holding company Denali Holding Inc has revealed certain preliminary details about its financial performance, revealing it made a $100m (£68.7m) operating loss in April.

The company said it was obliged to reveal the details in connection with the planned acquisition of EMC by Dell.

In the three months to 29 April, Denali made an operating loss of $100m, down from $300m the year before. And over the same period, net revenue fell two per cent to $13bn over the same period.

The results are preliminary and may change once all the details of certain sales relating to the EMC deal close.

The results include Dell Services, which was sold to NTT Data at the end of March for $3.1bn, in a deal which is expected to close in Q3 next year.

Dell is in the midst of acquiring EMC in a $67bn deal announced last October, which is expected to be the largest technology acquisition ever.

The official estimate for the deal's closure is any time between May and October, but CRN understands that Michael Dell and other senior EMC executives told partners at EMC World that they are aiming for the second week of July.

Dell is a wholly owned subsidiary of Denali Holding Inc.