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Dell sees acquisitions as critical focus

Dell sees acquisitions as critical focus
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First Published: Wed, Jun 29 2011. 07 08 PM IST
Updated: Wed, Jun 29 2011. 07 08 PM IST
Austin, Texas: Dell Inc expects acquisitions to continue to be a critical focus for the company, which is expanding into areas such as storage and services, according to its chief financial officer.
Dell, which has been moving beyond its traditional desktop computer market, acquired eight companies last year.
The company sees storage technology generating $4 billion to $5 billion in revenue by fiscal 2015, Dell CFO Brian Gladden also told attendees Wednesday at the company’s annual investor day.
He forecast that Dell’s technology services business would generate $10 billion to $11 billion in revenue by fiscal 2015. The company, which has steadily conceded market share to Hewlett-Packard Co and Acer Inc in past years -- has shown good progress on improving margins by moving into higher-margin enterprise solutions and services.
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First Published: Wed, Jun 29 2011. 07 08 PM IST