Should you explore these tech stocks in April?

Summary

• The technology sector is ever-evolving due to the range of innovations it experiences.
• Dell Technologies reported a total revenue of US$ 25.039 billion during the January 2023 quarter.
• PayPal reported a total revenue of US$ 27.518 billion during the December 2022 quarter.

The technology sector is often an indication of where the financial health of an economy may be headed. Tech companies are often the pioneers of change, which is why the sector is home to some of the stellar businesses in the world.

Many of the companies in this sector have experienced immense growth alongside high levels of volatility. This volatility has often been the cost of achieving high profits in these tech stocks. However, the tech sector has largely been worth exploring due to the many opportunities it brings for its investors.

On that note, here are 2 US tech stocks that can be explored in April:

Dell Technologies

Dell is a household name as the company’s primary products include computer hardware, personal computers, and external storage devices, among many others. Dell has a history of going private through a leveraged buyout. However, it became publicly traded once again in 2018. Dell has recently launched a monthly subscription that allows customers to shift day-to-day support and PC management to the company. 

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The company’s total revenue during the January 2023 quarter was US$ 25.039 billion, which was 1.09% higher annually. The company also reported a net income to common shareholders of US$ 614 million for the same quarter. The EBITDA for the same period was US$ 2.164 billion. 

Also Read: Should you watch these under $50 dividend stocks in 2023?

PayPal Holdings Inc.

PayPal offers an electronic payment system to merchants and consumers with a wide customer base of 435 million at the end of 2022. PayPal is also the owner of Venmo, a payment platform that has largely become a preferred method of finishing transactions.

© 2023 Krish Capital Pty. Ltd.

The company’s total revenue during the December 2022 quarter was US$ 27.518 billion. This was 8.46% higher than the operating revenue reported during the same quarter in 2021. The EBITDA was US$ 4.987 billion during the period, while the net income to common stockholders was US$ 2.419 billion.

PayPal has also extended its efforts to offer help to support small businesses by allowing Apple Pay as a checkout option.