company created when it purchased EMC.
Known by the ticker symbol DVMT, the tracking stock was designed to track Dell’s economic interest in VMware.
Analysts in particular are watching Dell’s debt payments because the company took on significant amounts of debt to pay for the EMC deal.
The company said Thursday that it has paid off about $7 billion in debt. Dell Technologies now has $50.4 bil- lion in debt remaining.
“We remain focused on our plan to de-leverage,” chief financial officer Tom Sweet said during Thursday’s conference call with analysts. He repeated this phrase several times throughout the call.
For the full year, Dell Technologies had $61.6 billion in sales and a loss of $3.7 billion. Its results are affected by costs and accounting adjustments related do the EMC transaction.
Dell Technologies used to be called just “Dell” prior to its purchase of EMC. As part of the merger of the two companies, Dell changed its name to Dell Technologies.