Dell Ireland pays $172m dividend
One of Dell’s largest Irish subsidiaries paid a $172 million (€150 million) dividend to its Dutch parent entity in 2017, a year in which its ownership was transferred to another Dublin-headquartered unit.
Accounts recently filed for Dell Direct, which employs more than 900 people locally, show it made the dividend payment ahead of being acquired by fellow group company Dell Products for $18.5 million.
Dell Direct, the computer giant’s Cherrywood-based sales and support operations unit, recorded profits of $3.9 million as against $3.6 million due to a fall in expenses linked to the transfer to Dell Products. Turnover fell 11 per cent, from $129.4 million to $115.2 million with revenues derived from the provision of sales and marketing services to group companies. Employee numbers fell from 1,107 to 936 with staff costs, including wages falling from $494 million to $78.1 million.
Separate accounts for Dell Products, which sells the group’s products in Europe, the Middle East and Asia (EMEA), show revenues rose 8.5 per cent to $12 billion from $11.1 billion last year. Pretax profits rose to $20.4 million from $5.3 million. The subsidiary employed 919 people, up from 846 a year earlier with staff costs, rising from $81.6 million to $103.2 million.